Michael Kim
taxes on non-passive income using passive activity losses
is there any way I can use passive activity losses (from rentals) to offset non-passive income? There seems to be some suggestion that by becoming a real estate profession, there are ways you can do this, but I keep ...
Scott Johnson
Real estate planning/goals. Are rentals the way to go?
Hello! Looking for any input on some general questions...Some quick real estate background on me.I have one rental property 90k in equity, zillow estimate of home value is 200k and about the same in equity in my curr...
Carl Devitt
Potentially relocating from NJ to South Florida (Boca Raton south to Homestead)
Any recommended areas for modestly priced single family housing? I probably have to make a career decision Tuesday as I'm going to interviewed over the phone for a position in Miramar (NBC Universal Media) and I will...
Kyle Johnson
Military Investor looking for advice
Good morning all, thanks for taking the time to provide feed back.
Scenario: I am an active duty Soldier living in the state of GA and will be PCSing (moving) to TX here in a few months. My Family and I (Wife and 3 b...
Rick Alvi
Pay off Student Loans? Or Save for Apartment or Mobile Home prop.
Hey guys,I'm not sure what to do.. I know eliminating my student debt (I have about 19k) would ease some of my anxiety for sure, but is it the smart thing to do? I want to be financially independent in 10 years. I'd l...
Sam Huang
Financial freedom goals. Accumulation phase ongoing. Payoff next?
Family goals:
We are a family of 4 (2 kids), living in CA. Our goal as a family is to move outside the US in the next 3-4 years and live half way around the world for the foreseeable future (5+ years).
Financial g...
Richard Benjamin Wilhite
Rental Income and PSLF program (Student Loan) monthly payments
I have a potentially complex question that I was hoping someone here might be able to answer. I’m an active-duty military member. Next summer my wife and I will PCS (Permanent Change of Station) to Norfolk, Virginia. ...
Chris L.
Can I deduct passive rental property losses at time of sale?
I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income i...
Mason Blake
How do investors often manage the flow of funds for cash flow
Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...
Ryan Metcalf
Does the depreciation year still count is you didn't get to claim
I didn't get to claim the depreciation on a rental property on my 2016 tax return because my adjusted income was too high. I have the property in an LLC but it still shows up on my personal return. My question is, d...