Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Kunal Lakhwani
Picking insurance from 2 options for my first rental property
I received 2 quotes for a 1929 built SFR in Indianapolis IN. It is a 1100 sq ft 3 bed 1.5 bath with detached garage, backyard, and an unfinished basement.The difference in the premium for both options is significant, ...
Tim Smith
How do high wage earners benefit from real estate related tax deductions?
Longtime lurker, first post. Thanks to the BiggerPockets community for all the invaluable advice -- it's helped me personally and professionally for many years.
Here's my question: This year my wages at my non-real...
Doug Karkow
Insurance Referral near Seattle
I'm under contract for my first property in the Seattle area - a duplex in Puyallup.Assuming I get the property, does anyone have a referral for an insurance company? And what coverage is needed - just the building, a...
Edita D.
How to shop for home and rental insurance?
Hi there,I am completely dissatisfied how Liberty Mutual is handling my claim, and we have all our insurance polocies (home, rentals, aturo, etc) with them. Depending on the outcome, I am thinking of swithching to ano...
Steven Norris
Tax Advantages of being a licensed investor
In Show 28, the guest speaker Dave Van Horn talked about how since he is a licensed investor he is able to take unlimited amounts of deductions to help with his taxes, so I was wondering if someone could go a bit deep...
Cameron Lee Brown
Need advice on filing K-1 for non-state resident
I am a Tennessee resident and have invested in a syndication of a multifamily property located in North Carolina as a limited partner. The LLC that bought the property is incorporated in Arizona. I received an Arizona...
Edward Stephens
Limited Partner (LP) write offs in syndications?
Hi BP! I am a real estate broker and also owner of my own rental properties. I recently invested in a multifamily syndication and received a K1. My CPA has instructed me that the depreciation I take from that parti...
Manson C.
$25k Passive Loss to Offset Ordinary Income
Hello. My adjusted gross income is under $100,000, and so the passive loss (including phantom loss from depreciation, deductions from mortgage interest and property tax, etc.) from my rental properties will be offsett...
Rajesh T.
Accumulated passive Losses
Hello Guys,I was told by my accountant I cant file my RE losses on real estate for 2015 since my income exceeded the limit, I have not setup an llc ..how do you structure the above to show your losses, I was told even...