Hubert Chen
Strategy for offseting passive rental losses for my active flips?
I am a full-time flipper. My wife and I just started acquiring rental properties and I want to offset the passive rental loses against my active flip income. I thought I just had to have 750 hours in my real estate pr...
Jacke Draper
Solo 401k House Purchase using an LLC - IRS constraints
I have a solo 401k plan and want to use this and a non-recourse loan to invest in a rental property. The property I'm looking at needs a lot of work and so will not qualify for a loan. I can purchase the property with...
Graeme Black
Directing passive income into a Solo 401k?
I know the correct answer to this ... contact a knowledgeable CPA ... and I am looking for one, but in the mean time I wanted to see if anyone any insight into this.Here is what I want to try to do:Set up an S Corp to...
Pier Di Giorgio
Does Partial Grouping Election Exist For Rental Real Estate?
Hello BP community, I am an investor who owns 8 properties. Can I make a partial grouping election which includes only half of my portfolio? For instance, grouping only 4 of my rentals? thank you, Pier
Larry Flanagan
Hold rentals in S-corp?
I am buying a house this week that I plan to hold for a while as a rental. I plan on paying cash for the purchase, rehabbing, then refi'ing. Is holding personally or in S-corp most tax advantaged? One issue is most...
Shiela Zhao
Capital for hotel developments - how to attract big capital?
I have always envisioned that resort on the beach in a tropical country. What avenues of investment make these projects happen? Do government development funds play a large role in this, or is the resort development m...
Dustin Dadvit
Basic rental income question about 199a / QBI deduction
Okay.. I'm new but I've been reading a lot of posts. It seems everyone is trying to get their involvement in their rental income business to be "actively Participating" so they can get the QBI deduction, but I've al...
Michael Csrnko
Newbie STR operator in the Denver area
Two questions...1) About to bring a STR online in the next two weeks and am looking for some advice as this will be my first STR. 2) Specifics on the current STR cost seg. tax benefit?Thank you for the help.
Tyler Smiarowski
Tax reform bill make rental income subject to SE tax?
Discussed this in a CPE class today. If you go to page 51 of the tax reform bill. ( just google it and you should find it..its 429 pages). On line 14 where it states "Application of Rental Income"...it says section 14...
Chadeesia Dunkley
Should I pull money out of my 401k to use for down payment???
Should I take advantage of the no penalty for pulling money out of my 401k? I want to buy my second house and I was thinking about pulling out about $25k out of my 401k to use for my down payment and closing cost. I a...