John McAuley
Active vs. Passive & Tax Consequences
Hey Everyone,This is the first year we will have rental property on our tax returns. I'm familiar with W2 income and income from our other businesses (LLCs). However, I'm not clear on the active vs. passive rules wh...
Vince Liu
Deduct Loss created by Depreciation Expenses
Hi Tax Experts,I learned in a article that you can actually use the loss created by your real estate investments (of course it's not realized loss) to offset your W-2 wages and other income. Is that true? Is there ce...
Zach Lincoln
Investing Retained Earnings
Ok, hypothetical, but will become realistic I am 22 and I make 140k a year. I live off of 36k and want to invest the rest into real estate. The goal is to create an investing business where all profits can be retaine...
Majid Khan
how to use your retirement funds to start LLC C or S Corp
Friends/Gurus,Can someone please advise me on how to roll over my retirement funds into a self directed account, who are financial institutions who allow self directed IRA accounts, what are the steps and should i see...
Ray Slack
Advantages of being a "real estate Professional" for tax purposes Vs disadvantages
So, I keep hearing about it being great to be classified as a "real estate Professional" for tax purposes. It seems the only benifit is to be able to deduct passive rental losses from ordinary income.. Since I have no...
Isaiah Cuellar
Buy and hold tax benefits?
What are all of the possible tax deductions when claiming a rental property? And assuming I have a rental property paid off, and I have a W-2 job, do I save money on both taxes? Or one or the other? Also is there any ...
Roy Mitle
Sheltering k1 gain with rental loss
I am not a real estate professional and my income is highest tax bracket. I owe a rental that has loss every year. If I invest in a real estate LLC partnership as a limited partner and get k1 income can I balance the...
Ross Y.
Accellerated Cost Segregation against w2 gains or stock income
Team,I’m entering into a new realm with investing and looking to offset other sources of income with cost segregation combined with accelerated depreciation from real estate professional filing status. If the losses e...
Maximilian Benjamin
Self employment tax with property in LLC
Sorry for the long post but I thought this was an interesting email conversation...
...which ensued when I began discussing with my CPA about future expansion and what I ultimately want to do with regards to real est...
Mark Beekman
Basic LTV question
If I want to get a 75% LTV on a 20 unit apartment building, how does the bank determine the "value"? I mean, most buildings are priced according to their income potential which is usually higher than the appraised val...