Nathan Holt
Hoping to finally close soon!
Tenant was refusing to leave the property so we could close on the deal. He was finally evicted, it took a while because the seller dragged his feet to begin the eviction process and when it finally was scheduled the ...
Daniel Dietz
Passive Losses Offsetting Pasive Gains?
Hello All, There is lots of talk on here about Passive Losses and if there are deductible or not and if so, to what amounts. To my understanding, if you are NOT a 'Real Estate Professional' (which I am, but have never...
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...
Akanksha Gupta
PM tools with full-service maintenance and leasing capability
Hello everyone:
We are a working couple who own a few out of state rental properties in AL, FL, GA etc. While we currently have property management companies in place for managing these properties, we wanted to lever...
Ryan Fox
taking advantage of passive losses
Tax question. I am not a real estate professional. However, I accumulate a good amount of passive activity losses from rental properties. An opportunity has come along to partner or JV with a company that does a nu...
Vic Vega
Using an LLC. Pros and Cons??
Hey everyone!I'm sure this topic has been discussed many times but I'd like to revisit it now as I'm thinking about creating an LLC for future investment properties. I'm new to buy and hold investing this year so I'm ...
Vik C.
Depreciation Carryover and Recapture questions
1) Depreciation Carryover - Let's hypothetically say I have $100K in salary so that I qualify for $25K in passive activity loss deductions. In 2012, I take a $30K net loss from real estate operations. My understanding...
Jennifer Bott
HELOC Interest Deductibility Used to Purchase Rental Properties
We took a home equity line of credit out on our personal residence, and used 100% of the funds to buy 3 rental properties. My first question is whether the interest deductibility is subject to the 100000 loan limit. ...
Lotta Rozenson
bonus depreciation tax write off
Do i have to actively manage a property to use a bonus depreciation tax write off?
Terra Padgett
Landlording is Not All That Passive
You always hear about rental properties as passive income. Well I totally disagree. Even with PM in place, there are still many active activities when it comes to direct property ownership. Yes, it does take several t...