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Hello! So glad to to have found this resource! I look forward to learning and hopefully sharing some experiences as i go! I am just starting to get my feet wet! I have been doing lots of research and am trying to ...
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Quick survey here. I heard a quote from Rich Dad's tax advisor Tom Wheelwright saying something like "if you're investing in real estate and you're paying taxes, you're doing it wrong."
So, do you pay taxes? How man...
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As your Portfolio grows and evolves, so too do your insurance needs. Many investors start with a variety of insurance carriers to manage different properties. While this approach works in the early stages, there comes...
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Hi all - are you able to benefit from the mortgage interest deduction on an owner-occupied multi (2-4 units) as well as offsets for your W-2 income? Any other way to maximize in the current year as opposed to rolling...
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Hi all! I had a question when I started doing taxes for my rental property for the year 2019. The unit was rented for the entire year. So here's the scenario.Total income from rental = $10,000Expense (including repair...
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Hi,
I have couple of rental properties which currently generate losses (because of depreciation etc).
My accountant is telling me that I cannot deduct losses from my income because I make more then 150k at m...
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Hi Everyone, I am new to investing in rental properties as I mostly build and sell and I have a question about showing a loss or breaking even on my income tax return. Let me give you some background. I'm building a ...
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I am a buy and hold investor and I have been in acquisition phase where I am buying properties and fixing them up and renting them out. In the process, i am accumulating a lot of passive losses every year. Without con...
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Let me preface this by saying I have already emailed the same question to my tax guy, but wanted to ask here as well. I am considering selling one of my rentals to the current tenants. This property used to be my prim...
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I’d like to get feedback on a strategy I want to pursue. I work in Silicon Valley and make well into the maximum tax bracket. I wanted to pursue REI both as a way to invest extra money (already maxed all other tax adv...