Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Brandon Mattingly
Good Rental Applicant, but In/Out Family Roommate - Question
I have a good applicant for a 3/1 SFR I rent out who told me she would be expecting her mother to move in with her during the summer months but then leaving back "home" to her home out of state. My rental is in Indian...
Deanna McCormick
Seriously Gross,,,,have you ever??
On recent inspection of a unit which was proper notice, I found a open container of urine,,, upon asking tenant what is THAT ?? he said, my personal property... then disclosed it was what it was...He was given Written...
Jason Wu
Using HELOC on buy & hold
Hello my fellow BP friends,So I am considering doing a HELOC to make about $60k available toward a rental property. The rate on the loan is hovering around 5.6% and I am thinking to use this entirely as a down-paymen...
Jason Harbison
My 1st flip is on the market! Questioning my next step
My first flip is on the market. I am able to continue flipping but want to have a different strategy this time. I don’t want to tie up ALL OF MY CASH lol! Background: I owned this home for 2 years. However, It was not...
Paul Ryan
Depreciation recapture/taxes on a syndication investment
Hi all - I have a question on depreciation recapture as it relates to syndications and calculating after-tax returns as an LP (I am mainly thinking about multi-family here). As I understand it, an LP will have to pay...
Matt J.
Tax Considerations for Out-of-State Investors in San Diego
Hey everyone! I've been investing in real estate since 2017 and have seen that the real money or wealth made in this field is in equity build up moreso than in cash flow. San Diego, to me, seems like a market that sti...
Julie Washburn
Issue with CPA understanding Real Estate Professional
I am a Real Estate Professional, but I seem to be having trouble with my CPA understanding how to account for this. 2022 was my first year as a Real Estate Professional. My husband has a W-2 job with a large amount of...
Glenn McCrorey
What do Flippers do with the profits?
When I watch TV shows about flipping houses and the big profits they make, I wonder if they are paying taxes as the go, or using 1031 exchanges on every one. My wife is a realtor and about half of what she makes goes...
Matt Lord
Taxes and depreciation question
I’m a newbie here. Been listening to tons of the BP podcasts and I read a bunch of books. But my mind is somewhat simple. I’m having some trouble understanding a few things. My wife works full time, I recently walked ...