Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Karen Margrave
NAR Guidelines -Realtors, Contractors, Home Inspectors, Title
The NAR (National Association of Realtors) just sent out this communication to Realtors yesterday, Saturday the 21st. It covers various concerns of real estate agents, MFR property owners, Mortgage lenders, etc.
For...
Mathew Deines
Californian wants to buy Ohio property - Entity help?
I want to buy rental units in Ohio and I currently live in San Diego, CA. If I am keeping my 9-5 job and only collecting passive income, do I need to register/create a LLC in California and Ohio or just Ohio? My long ...
John Rickgarn
Solo 401k suggestions
Somewhat off topic but I am looking to transfer my IRA into a solo 401k for better investments and use the borrowing aspect. I have researched and narrowed down to Equity Trust Company and Specialized IRA services bit...
Ashley Rothacker
More Complex Tax Deductions for Airbnb Income
Hello! Wanted to discuss the more complex tax deductions for short term rentals/Airbnbs. The two STRs I own are 100% exclusively used as STRs. I'm familiar with all the basic deductions i.e. cleaning fees, utilities, ...
Chad Hack
Choosing My RE Strategy
Hello everyone and Happy New Year!I’ve spent the last 6-9 months immersing myself in the BP community, listening to podcasts and reading recommended books. I’ve even attending the One Thing Goal-setting retreat, and w...
Gary Adams
Real Estate Investor
Hello,
My wife spends over 800 hours a year on our real estate. What are the benefits of her being "Classified" as a full-time investor?
Jason Sung
Rental property loss toward W2 income
Hi BP community. Last year, I bought two properties and they had losses. My CPA used the loss against my W2 income Is this a normal practice? Based on a BP episode I listened to recently, this is only OK when I (or my...
Chris Seveney
Expected Documents / Communication in a Deal
As part of any good relationship, communication is key. I wanted to share with everyone the information I provide and also like to hear from others on what they share or what people want to see. This is important for ...
Holly Barrett
Credit Security Deposit?
So I have this scenario:Tenant early termination, fee = $800 (equal to one month's rent)Security Deposit = $700 He is entitled to security deposit as per condition of unit, however he has not paid the early term fee, ...