Hi All, what's been your biggest lesson you learned after getting into real estate. I'll go first. I had a W2 I wanted to leave and thought that owning 30 rental properties would be enough to retire from corporate lif...
Hey guys! Two part question here. Is traveling to a different state to look at rental property considered a business trip? I will be going to Hawaii to look at some rental property. However, I do not have my LLC fo...
Want financial freedom through real estate? Then, you’ll need to know how to buy a rental property. Don’t worry; even as a beginner, you can take three basic steps to buy your first rental property and start building ...
Did you know that you could invest in real estate without the headaches of tenants, toilets, and termites? It’s true – you can get all the benefits of investing in real estate, without any of the hassles of being a la...
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
Hello, just closed on a new house. If i were to airbnb it out for the last few weeks of December, would i be able to use the short term rental loophole to do bonus depreciation on the property (with a cost seg of cour...
This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income. There is some confusion about material participation ...
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
So I am working on this project that once I am done will be cash flowing around $5000 per month after all expenses are paid. I want to quit 9-5 and become full time RE investor. I plan on property managing myself as a...
I am looking for a knowledgeable CPA who can provide clarity on the following situation:
My husband and I recently sold a house, which was solely in my husband's name. We are now in the process of purchasing a motel,...