Marlon Thomas
flipping houses in Miami??
Hello everyone! I am currently not living in Miami but I enjoy keeping up with the market trends and conditions.I am curious if there are still profitable deals to be made in regards to fix and flips with home values ...
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...
Jaleh Afrooze
CARES Act- Real Estate Depreciation Loss Carryback
I read in a CNN article that depreciation expense can now be deducted from all other types of income with no limit (See below). Does anyone have a good attorney or CPA who can verify this?
```Now here is what chan...
Vonnie Bradley
Interview after a CPA ?
I interviewed a CPA and I was told since I receive a W-2 from another job that I can not claim 100% of losses from rent house's. Is this true? And please add some additional expertise in this subject. I am looking for...
Ed Moran
High Net Worth Individuals - Tax Advantages/Best Practices?
Question is for folks that are 150K in earnings and investing in Real Estate as a passive investor and NOT designated as a "real estate professional. I currently have apartment complex (MFH) in FL and about to purchas...
Vince Liu
Deduct Loss created by Depreciation Expenses
Hi Tax Experts,I learned in a article that you can actually use the loss created by your real estate investments (of course it's not realized loss) to offset your W-2 wages and other income. Is that true? Is there ce...
George P.
(income tax question) Active vs. Passive
My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
Adem Tahiri
If you hire a property management company for a rental, does the rental income become a "passive" investment?
I am considering hiring a property management company for a rental but I've heard that, in doing so, the rental income will be classified as a passive investment for me. My worry is that I would not be able to write m...
Brian Liddy
Ready to start the Journey!
Hey everyone out there in BPland! I’m Brian Liddy. Currently I am in Eugene Oregon but that may change soon ...
I’m an anesthesiologist in a large multi site group contracted with a medium size community hospital. Sh...
Byron Bohlsen
Trouble Chosing
Hi Folks,Hoping for some thoughts from some experienced landlords. I am trying to choose between two applicants. I think I know what to do but wanted to get feedback. Applicant A:Unmarried couple, very blue collar. At...