Jonathan C.
Will anybody be participating in the LA or San Bernardino county auctions in May?
Hey guys! I was wondering if anyone here will be participating in the auctions in either LA county or San Bernardino county in May. As a real estate newbie I would love to meet up with anyone going to one or more in o...
Pretty Khare
STR tax loophole with a 2nd home loan
If I buy a vacation home using a 2nd home loan and rent it as an AirBNB when I am not using it, can I still do a cost segregation study to accelerate depreciation and offset losses against my W2 income if I follow the...
Bobby Clifford
Real estate professional
Hello, I was curious if it would be beneficial for me to make efforts to qualify as a real estate professional for tax purposes. I am currently a stay at home dad but have the option to return to work at my previous p...
Vikranth Biradar
Accelerated bonus depreciation for short term rental
Hi all, I am looking for some expertise from STR landlords or accountants. I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few g...
Dennis McHugh
Real estate professional tax question
Hello,I have a question about a strategy. Can you buy a house in an "Opportunity zone", rent it short term for the rest of the year. Get 100 hours of participation to become a real estate professional. Bonus depreciat...
Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
Mike Akerly
What is the market rate for a fee for agreeing to co-sign?
I'm evaluating an opportunity to participate in a small development project by co-signing on a construction loan. The construction loan proceeds will be used to take out the existing debt on the land and to build the...
Gary Parilis
short-term loan from 401k for rehab
I'm investigating various options for short-term cash for rehabs. A loan for 401k looks like a good option. Any gotchas to worry about? Below are the rates charged in one of my accounts (Fidelity). As I understand it,...
Marc Lock
Claiming RE Professional Status as a W-2 Employee
I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:
Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostl...
Dale Osborn
MLS Access
@J Scott had some questions concerning this on another thread. Did a search on the internet and found a memo from NAR concerning this issue. Seems like there were court decisions in numerous states. I was a licensed a...