Julie Washburn
Issue with CPA understanding Real Estate Professional
I am a Real Estate Professional, but I seem to be having trouble with my CPA understanding how to account for this. 2022 was my first year as a Real Estate Professional. My husband has a W-2 job with a large amount of...
Jacob Stevenson
Purchase ideas on portfolio
I'm discussing the purchase of eight properties with a retired owner. He sold a couple of his last year and one of his biggest concerns is not paying more taxes. He also wants around 180 k to pay off existing debt an...
Lenny B.
What should be the amount of Umbrella insurance?
Hello everyone,I've been trying to figure out the answer to a question about how to come up with the amount of umbrella insurance coverage I need. I used to have $1M umbrella, but my insurance agent says I am signific...
Ted Davis
Considering locations for STR Asheville NC?
Hello all, My wife and I are considering several cities to invest in short term rentals. We are looking at areas where we would also enjoy to take our family yearly. Can you provide some insight on Asheville NC?Is Ash...
Raden Mantuano
Seller has confused me! PROBATE QUESTION
If seller petitioned for full authority, What would be the reason a judge would tell them that they have permission to sell? but have to have the home listed by Jan. 1st. ? would there be any changes during this proce...
Phil Shelton
Exploring Rental Loss Write-Offs for Qualified Real Estate Professionals with $150K+
Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?
Daniel Dietz
Partnering as Investors on Syndications - Is It Possible?
Hello All, Both I and my current investing partner for buy-n-holds have been interested in investing in Syndication some time in the near future. They are Accredited and I am not, but qualify as 'Sophisticated'. Due t...
Mario Morales
After 5 mortgages-No More Cashout-Refi?
I heard and not sure if I understood correctly that after you have 5 financed mortgages you are no longer able to cashout-refi? I know your allowed to have up to 10 mortgages.
Nicholas Maassen
Seller Financing Question
I have four single family homes with conventional mortgages and recently bought four more that with seller financing. I was under the assumption that the seller financed homes would not count against the 10 home limit...
Shandrea T.
Anyone have their Real Estate Limited Broker License?
Hello!I can't quite remember how I came upon this but I was curious if anyone has experience with having a real estate limited broker license? I'm still doing research into it but figured I'd throw a post out here si...