Omar Johnson
Loss Mitigation Alternatives
With historically high rates of default on home mortgages lenders are facing many more foreclosures than they have in the past. This allows for short sale investors and pre-foreclosure specialists to thrive in the cur...
Derek Schetselaar
Schedule E Loss - What to Do?
Hey BP,
Question for you guys. If anyone knows a good real estate focused CPA too. Let me know.
Looking at buying a duplex, (second property) and writing off the depreciation on the property
As this would result ...
Chris G.
Home office claim for tax deduction
Can you claim a home office if you have multiple rental properties but you do not qualify for a real estate professional status?My CPA said that the real estate activities for me are an investment and Not a business a...
Chris Da
Rental Property Tax Question ...
Hello all.
I have a question that may not be able to be answered here, but I will try anyway.
I own a number of properties that have been purchased within the last 2 years. The problem (and may not be a probl...
Loic Assobmo
Earnings too high to claim passive losses?
Earnings too high to claim passive losses?
so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time emp...
Joe Richardson
Is my CPA correct about not being able to utilize losses?
Last year I purchased my first two rental properties. I'm in it for the cash flow but was also hoping to get some of the tax perks. I talked with a couple of CPA's and went with one who has real estate investors and...
Mel Selvidge
"Real Estate Professional" Loss Questions
My husband and I purchased a vacation rental property four hours from where we live in January. It was gutted when we got it. Working with a contractor who rented it during the renovation, we got it remodeled, furni...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
John Sayers
MF Syndicators; Why use a bridge loan, now?
I asked a similar question in a FB MF group but many syndicators seemed to shy away from the topic. Maybe more on BP can help educate.Topic: Using 3yr +1 +1 type bridge loans in stabilized MF deals (say 120U+, basic B...
Justin R.
Screening Applicants - Out of State, Bankruptcy and Forclosure
Hello Everyone,
I just recently came across this great site. I'm very green regarding real estate investing as this is my first property and going through the screening process. I was hoping to get some rec...