If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
I currently work with a tax advisor and strategist but am looking for a CPA who can help around taxes. I currently am a W2 employee with 4 properties in my portfolio and looking to continue to purchase more. Need some...
Hello All,So far I have been buying rentals with my self directed IRA, but would also like to do some with conventional 30 years fixed financing before rates get too high. When I looked into it this year, even though ...
BP,I was speaking with a friend of mine who recently began working for a financial group. She mentioned that she had a few clients that had use their overfunded life insurance policy as financing for a deal. Basically...
Found my 1st flip. Its pre foreclosure. I am concerned on the taxes I will have to pay on the flip. expecting to profit 100,000.Any help on a strategy to lessen my tax burden would greatly be appreciated.Thanks Steve
Hello
I own a few rental properties in B and C class neighborhoods. I've purchased the properties at low price points so they have minimal debt service. My dilemma is that a good number of them are section 8 renta...
I want to buy an investment property in the United States. I have a good credit score (791 based solely on credit cards) make almost $200,000 per year, and have very healthy investment and retirement accounts in Ameri...
Say you can make $60,000 or more on a deal after tax and you have the opportunity to save $40,000 in tax or more if your earnings are higher ...Which would you prefer to do: Close Your Eyes and Pretend it is not po...
Good Morning BP Family,I currently own 1 tri-plex and i have a couple offers on the table for a few more small 2-4 unit multi-families. I've been mulling a this question over in my head for a few days and wanted to ge...
Hello BP!We are new to investing in multifamily units and need some confirmation on if we're going in the right direction or not. We live in California and are on the last day of our due diligence for a duplex in Atla...