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...
Hi all, I'm new to this forum and in need of some advice.
My situation is as follow: I am not a US citizen (French) and will be moving permanently outside the US (Canada) at the end of July. I own an apartment in Chi...
I've been ruminating over the low rate environment recently and whether to refi one or more of my long-term rentals, but I just struggled visualizing the full gamut of financial impacts, e.g. loan cost inefficiency, 3...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Rochester.
Purchase price: $100,000
Cash invested: $25,000
Cash yield focus. 9% cap rate ( with 5% repair and 1 month vaca...
Hi all - 2 part question:Scenario: Property purchased for $200,000 and put into service as rental property. Ten years later, investor moves back into the property for a period of two years and sells for $300,000. He h...
If I bought a tax lien in Alabama for a commercial property, is is best to start seeking possession or wait for the interest to accumulate a little before filing for possession? I realize there is a 3 year rule to hav...
My parents used to live in their home, which was bought in 2009. They moved out and started using it as a rental property in June 2016. This is the first year I am doing taxes for this property. Prior years were done ...
Say if you have a project that sells for $5 million but there is some form of seller financing where the buyer pays $2 million upfront and then the rest is paid over a 3 year period. Cost basis is say $1 million and ...
After a over 200 calls discussions with investors via phone calls, I discovered that a notable portion of my time is spent reprogramming bad money habits created by the way we were raised. Further compounding this pro...
Assuming there is no mortgage, let's say I bought Property A 6 years ago for $200K and I decide to sell it for $350K with $20K in commission. Let's also assume there are no improvements to make the numbers easy. -Tota...