Just finished my 2016 taxes and I have about $30k in passive losses that I have to carryover. Besides buying better cash flowing properties in the future, are there any other ways to take advantage of passive losses?
I am just getting started in real estate investing. I am looking for investment income in 12-15 years for retirement and I do not want to generate income currently. I currently have cash to invest and I just recentl...
I have a leveraged property in my SDIRA (at equity trust), a note and some cash. My questions are:1. For Equity trust, I need to send a deposit coupon every month with the rental check. Is there any way around it? I a...
As a first time home buyer and single, how can i maximize the tax benefits available to me if i decide to buy a 4 unit/multifamily house that is worth $2 million and property tax of about $30,000 per year?
Will like ...
Hello everyone !I heard that we can/should claim depreciation (if available) on the rental/business properties every year. Obviously, this will help paying less or no taxes at that time.However, when you sell the hous...
Which city would be best for income and occupancy?
Now before and the buy and hold people come in and tell me how that is the only way to gain true wealth, semi-passive income, and reap all the tax benefits, thank you but I know that already. Now, for the fix and flip...
I am new to Real Estate investment , I have been looking for a deal for several weeks now and I think I found one , I would love to have your opinion about this. I don't have a good credit score because I went thru b...
I'm struggling to find the best path to my goal. I have a decent amount of cash on hand and currently a sustainable monthly income. My goal is to get into multifamily property but don't posses that much funds yet. I'...
Background: Created LLC partnership in 2018. Purchased a Home to renovate in 2018 and sold it in 2019. Purchase Price: $60,100 In August, 2018Renovations: $30,000Utilities: $ 2,000Property tax: ...