Cisco Hood
advise on if we should sell or wait to avoid taxes
Hello everyone! I would like some opinions or advice. Here is me and my wife's situation We bought our townhouse for a little over 60k and closed in September of 2016 (and this is our residence) our HOA is $125 a mont...
Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Account Closed
The Annoying "mortgage interest" write off
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
Bobby Balow
Why Our Taxes are So High After Investing in 3 Homes?
Good morning everyone! I want to start by saying thank you to this amazing community! I really hope we can get some advice on our tax situation.In 2020, we only had 1 rental at the time, but an investor in the area wa...
Brandon L.
Due on Sale Clause
Hi,I am gearing up to transfer my rental properties into a single member LLC. These properties have mortgages in my name. I am aware that the lender could call the mortgage due but it seems to be extremely low risk....
Stephen Sawrie
"real estate professional" designation
so i have read and researched this designation for some time now, and even obtained good info from one of the forums' resident tax experts Steven Hamilton, II, but i am just curious how many out there are actually usi...
Evan Tan
Student trying to do Real Estate
Hi i'm currently a student at University, i'm fairly new and i was hoping someone could point me in the right direction. I would like to start investing in like a multi-family apartment but is this even possible given...
Chris Heeren
Owner Deposits & Withdrawals from Single Member LLC
I currently have a Single Member LLC's in Wisconsin that holds rental property. In 2016 I started depositing funds into the LLC from my personal account to help buy properties all cash, after I refinance them I would ...
Chris O'brien
How do taxes work as a landlord
You have to pay property taxes but are your leftover profits taxes the same as income from a regular job? If so can you write off expenses(i.e. maintenance)?
William Huston
Perfect deduction calculation...
Hello all,
I wanted to get some opinions on this, was at a meetup tonight playing cashflow game with others and I mentioned to someone how I've had such difficulties after loan 5, that I was thinking of buying my pro...