Jon K.
What cost basis is used during a sale in this situation?
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...
Andrew Beaver
Looking for an MA tax accountant
Hello All, I'm looking for a Boston / MA based tax accountant to assist me with my taxes for the current year. A majority if not all of my documents have been gathered. Looking to get them started/completed this we...
Karl S.
Real estate investing to reduce W2 income
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...
Jagan Reddy
Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...
Tim Johnson
Is Real Estate the best way to reduce your taxes?
Real Estate is THE BEST way to decrease/eliminate your tax burden. Here's why:This is a picture of a Schedule E. It outlines profit and losses from rental real estate. Look at all of the losses you can count against y...
Brett Hennessy
First house fire, any advice or wish I had known?
Had my first fire, looks like it will likely be a total loss. Just curious of any advice from those who have been through it. Also any thoughts on rebuild vs sale of the lot. Thank you so much!
Cary Beadle
Closing IRA Worth It?
Hey BP Community,After purchasing our first SFH to rent, we are interested in purchasing another ASAP. As we considered our options to pull together funds for a down payment, we considered closing our Traditional IRAs...
Jennifer Y. Park
Selling Financing at a LOSS?
Hello BP community!
Has anyone had experience with wiggling out of a bad situation? I'm a part of partnership that attempted to do a flip in Fl, but due to market conditions, bad contractors and multiple change order...
Bruce Ey
Self-directed IRA funds to rental property
I am 66. Can I transfer some of my self-directed IRA to pay down my mortgage on rental property? Consequences, if any?
Michael Craig
How Do You Handle Early Lease Termination
-Tenant moved-in on March 2019 and signed a 1 year lease-Tenant just received a promotion which requires him to relocate-Tenant wants to terminate the lease earlyHow have you handled this situation?