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Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash...
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Hi, ive been wanting to start out in the REI game through wholesaling properties, but have come across some information on BP that it is illegal unless your a licensed broker or have a mass amount of knowledge and ski...
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What tenant credit/background services are you using in Ontario? I've seen some of the national ones advertising that they check things that can't be checked here in Ontario, so I need a province-specific answer.Do yo...
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I have given up with mailings, and I am spending less and less time cold calling because most numbers I find for decision makers are not correct. So instead I have been door knocking. I only door knock expired or canc...
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Hello
So how would one go about finding out if there is pending/potential litigation against a property?
What about the legal history of a property?
Lien is clean, title is clean.
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I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material...
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Hello Everyone,
I just moved to Rhode Island and I wanted to ask the question if it is allowed to wholesale properties without a broker's license? I just came from Illinois where investors can wholesale only one prop...
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I don't know all the details but here's the just of what a friend of mine is telling me. I give his company a few thousand dollars a month after 4 to 6 months, he then takes that money and uses it to get a line o...
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This is my first post and foray into these forums so please forgive my ignorance. I am only 22 years old and have been slowly making my way through a real estate principles book as well as reading as much as I can whi...
Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...