Renae Bliss
Interesting question from client-need advice (Wisconsin)
I have a tentative client who is currently on County Rent Assistance (section 8). She is taking the necessary steps to prepare to become a homeowner, but it is going to take some time. On the ohter hand, she is tired...
Viraj Patel
How the IRS taxes different income
I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...
Nick Zahneis
Accountability Group in Houston, TX
Looking to start a group of motivated people in Houston, TX that meet once a week (virtually for a while, probably) to keep each other accountable and motivated. No specific requirements on doors or deals, just need t...
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Brandon Salimi
Cost Segregation Clarification
I own a single-family home 50/50 with a partner that we've used for Airbnb since 2022. We've both spent 100+ hours through various means over the past year - are we able to run a cost segregation study that would bene...
Oscar Ledezma Vazquez
Recommendations for CPA in southern California that know STR loophole
Hi,
My wife and I both have a W2 job and purchased a vacation home in big bear, CA in late 2022 that is being used as a short term rental. I am looking for a CPA that knows the STR Loophole and can help us with offse...
Kevin Luttrell
Forced to take $25k passive activity loss deduction?
Hi All! Hoping someone can help me with this question. For the last couple years I have had losses on my tax returns from passive rental real estate activity. I am not considered a "real estate professional" by the IR...
Josh Prihoda
CPA for Real Estate Professional Status
Does anyone have a CPA recommendation for a CPA that specializes in Real Estate Professional Tax Status? Thanks!
Valerie Couch
Section 8 and the Like
I am a Property Manager and Agent working with SF properties. Our company has chosen not to accept any type of government subsidy though I have spoken with many investors who speak very highly of the programs due to...
Stuart Udis
14,000 SF Mix Use Value Add Acquisition - Mount Airy Neighborhood of Philadelphia
Investment Info:
Other commercial investment investment.
Purchase price: $1,730,000
Cash invested: $560,000
14,000 SF 11-unit mix-use building consisting of 2 retail spaces and (9) second floor apa...