Russell Roberts
Question about tax benefits of "Real Estate Professional"
Can unused passive losses carried forward from prior tax years be used against active income in the current tax year, if the taxpayer has qualified per IRS rules to become a "Real Estate Professional" in the current t...
Ward Conville
Full Time Real Estate Professional Status
Any idea of carry over passive real estate losses can be claimed when you declare full time real estate professional status. We are looking at filing this designation for my wife who handles the bulk of our accoun...
Alfredo Cardenas
Reps Status (via wife) & Material Participation to offset W-2
Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
Kaizen B.
Failed to claim depreciation on rental
I was unaware that I would have to pay taxes on depreciation when I sell my rental property whether I claimed it or not...which I haven't done for the two years I have owned it. So now I'm trying to figure out how to ...
Chris F.
Contractors in or around Fitchburg MA area
Hi BP. I'm actively looking at properties in need of work in Fitchburg (varying levels of construction) and was curious if anyone would have any reliable contacts for contractors in or around that area? I don't want ...
Ben Oestrike
HML for Sheriff's Sale
I'm looking to participate in the upcoming Sheriff's sale in York, PA and I would need financing. As I know I wouldn't be able to receive a bank loan for a sheriff's sale I'm looking to find a HML. My question is, wil...
Belinda Steinwachs-Dicus
Pre foreclosure information regarding pre forclosure lists
I need suggestions for who to contact for a list of Lis Pendens. Thanking you in advance for any and all suggestions.
Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools. If I am self managing my portfolio, what do I need to check/confirm, and what...
Darrell Wallace
Did Stimulus Bill include change to depreciation limits?
I ran across an article (I think it was CNN) that made reference to some change to the tax code that was included in this new stimulus bill. Something about a change to depreciation limits. The article framed it as ...
Cooper Marcus
Real Estate Professional - timing of events during the year?
Last year I owned no rental property and spent little time on real estate. This year I will acquire at least one rental property and meet the qualifications for both Real Estate Professional and Material Participation...