Amy Gardner
Income too high for real estate deductions?
Hello,My CPA recently told me that the $50k we spend last year can not lower our tax burden because I have too high an income? Something seems to be missing here...I have never heard of this on any of the podcasts (I ...
William Lackey
Business for landlord
Wife and I flipped our first property in 2020. Recently purchased a duplex and we will rent both units. What kind of business can I start to take advantage of tax deductions. My wife and I are both W2 employees and ma...
Tom Enright
Tracking Software For Material Participation (Taxes)
Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year. I've read the qualifyin...
Brit Foshee
Am I a real estate professional for tax purposes ?
I am beginning to prepare for filing my taxes. I have not kept a good record of my hours. I have a full time job, but I feel like I've easily surpassed the 750 hour mark on my rentals and I probably have more like 10...
Christine Sommer
Rentals during the past recession?
We were curious if anyone was a landlord during the 2008 market crash and wanted to hear what impact it had on their rental properties (vacancy rates, rental rates, etc.)
We know that this could potentially be a grea...
Joe Assad
Why 18-hour Cities Are the Next Big Real Estate Thing
Gateway cities like San Francisco and New York have long been favored by real estate investors, because they are fairly recession proof and tend to be insulated from job loss and declining property value during econom...
Reagan Clo
Palm Bay buy and hold Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $255,000
Cash invested: $30,000
This is a duplex I found on the MLS in Palm Bay Florida. I used a HELOC on m...
Matthew Allen
Is This Sale Lease Back Strategy A Bad Idea
Tell me whether this is a good idea or not.
Throughout the year I come across situations where people need to sell there home due to a variety or reasons, job loss, income loss, health, divorce, etc. In other words,...
Rachan M.
Tax implication: rental property with full-time job
Hi all!This is a fairly straightforward situation that I'm sure many people encounter.I have a full-time job and am new to investing. If I were to buy a rental property that rents out for $500 less than expenses (mort...
David Howarth
Negative Cash Flow
If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?
Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...