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Balancing US reopening with eviction memorandums
With the US economy reopening and eviction bans still in place, how have you adjusted your management approach to reduce the risk of tenants not paying rent? Although the economy is "reopening", it seems like there is...
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Must Know Real Estate Tax Saving Strategies for Investors
Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...
Kareem Aaron
How to improve chances of getting a home loan when self-employed
I'd like to apply for a home loan so I can purchase a property in Dallas TX that I'll rent out. I own a small IT Consultancy business in MD and have a good credit score. However, I've been self-employed since 2010. Fr...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Jodey Rifenburg
What can I do with profit to “hide” it from immediate taxes
I have had profitable years in the past and have paid a significant amount in taxes. This year will be more profitable than before and I’m working to gain the knowledge to help me not continue to just stay on this pat...
Ngozi Iwunze
TAX flipping to renting
Taxes
I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.
Russell Brazil
How To Claim The 20% Pass Through Deduction? Section 199A.
I was looking over the schedule C form, and I dont quite see how one claims the 20% pass through, QBI. Any of you tax experts out there have guidance? @Brandon Hall @Natalie Kolodij
Oliver Martin
Is this a good strategy? Las Vegas
Hi everyone! Is it a good idea to cash out refinance my free and clear rental properties for about 70-80% LTV, and use the cash to buy my next primary home? The purpose is to lessen equity in rental properties, take a...
S Harper
Should I pay off rental when I refi my home? Tax implications?
We have an opportunity to refinance our home and cash out enough to pay off one of our rentals. By doing this we will lower our monthly payment by 450/mo OR if we make the same payments we can reduce our total cost o...
Alysha Brady
Managing Rental Income
I'm currently closing on my first house with a small apartment in back that already has a tenant which means I will soon become a landlord and start collecting rent without knowing much about it. I've been trying to ...