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Can a self storage facility owner/operator qualify as a real estate professional if it is their full time occupation, and meet the 750 hour material participation and greater than 500 hour rental real estate activity ...
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@Abhishesh Acharya and I have presented some, mostly non-googleable, high-level overview of some tax strategies. I understand this might be very technical for some of us. If these apply to you, please research more, ...
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Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...
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I have a condo that I want to sell. Owned more than 5 years, never owner occupied. I want to claim the condo as my primary residence and keep current residence as a second/vacation home.
Reading publication 523- ...
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Here's a thought in SDIRA versus loaning to oneself from the 401k. SDIRA as we know comes with all sorts of fees.401k can be used to loan money out to the holder of the account. I always thought that to be a bad idea ...
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Are there any tax implications if you get a line of credit or refinance to pull cash out of a property to invest in another? From my understanding, pulling out cash through a refinance would have tax implications. Can...
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Greetings BPI'm here today looking for advice regarding a property that i have under contract right now.Currently I own 2 rental properties (both duplexes). Both with conventional mortgages... I am now ready to purcha...
My name is jean and I want to buy a home in ATL for me and my family to live in. My FICOS score is 629. I’m also self employed, I need to know where do I start? And is a FHA loan a better lender for me to start with?
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Hi all,
I'm a US citizen but planning to buy rental properties in the US while living abroad. Since I work for a foreign company, I file Form 2555 (Foreign Income Tax Exclusion) along with my 1040. Basically,...
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We just closed on our 6th self-storage conversion project! This one is a 65,000 sf old textile and hosiery warehouse in downtown Burlington, NC! We are converting it to 45,000 Net Rentable Square Feet of climate contr...