Marc Scoleri
Naples Florida Rental in Royal Arms Villas
Investment Info:
Single-family residence buy & hold investment in Naples.
Purchase price: $208,000
Cash invested: $80,000
2 bedroom 2 bath villa in a condo association.
What made you int...
Jacky Johnson
What does it mean to run a property at a loss for purposes?
I meant at a loss for tax purposes. Yes, what does that mean? And is it ok to do so? Why or why not?
Bilal A.
Can self storage facility owner/operator qualify for REP status?
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 ...
Jimmy Wilson
Real Estate Professional for tax purposes question
I have a question that I am hopeful someone here will know. For tax purposes, the real estate professional designation is something that is very helpful if you are an investor. Would a home inspector be able to clai...
Kaushik Sarkar
Primary residence sale within 2 years
Hi,I am a single family home investor, however we are looking to sell our primary home in Chicago and moving to Dallas this summer.We have bought the Chicago home in Nov'22. Would I owe tax on the profit I make on the...
Daniel Trzaskos
Offset Capital Gain Tax
Long story short I sold a rental I had and walked away with approx. 90k. For a variety of reasons I wasn't able to do a 1031 exchange. Was wondering if anyone had any advice to offset the capital gains tax I'm on the ...
Jeff L.
Insurance options - would like your opinion
I'm going for an Actual Cash Value policy instead of Replacement Cost.1) Should I get the loss of rent option? Not sure how valuable this is.2) The basic policy doesn't cover water damage. Is water damage coverage a m...
Kevin Brenner
HELP! Seller wants to sell, but doesn't want to pay the taxes
Looking for some BP tax experts/investors on this one: I was cold calling potential sellers the other day and talked to an older gentleman who owns over 25 properties in my area. He has considered selling in the pas...
Ashley Langeliers
tax code income limits
Hi everyone! Last year, my husband and I became landlords by default when we moved out of our primary home on the Central Coast of California to the Bay Area for job relocation. It worked out nicely however as we ha...
Deanna Luna
House Hack - renting out a room short term or mid term
Hello everyone. I need to reduce my mortgage costs! It's my largest monthly cost. I don't have any other costs I can reduce. I am looking into converting or building a new mini ADU from where my current detached 1...