Loretta Chavez
Can't write off rental losses until I sell??
Just got our first rental property last year. We put in 25k in rehab plus it was not rented until 2017. My accountant said "Because it was over 150000 (taxable income I assume), IRS carried rental loss over to next yr...
George Gammon
Home Prices Haven't Gone Up in 100 Years. Is RE a Bad Bet?
From my experience as an entrepreneur, and more recently an investor, I'm surprised by how many people never really think about inflation. Here's the case schiller inflation adjusted housing chart going back to the y...
Shane Woodman
Tax question. I did not benefit?
Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:"And what I suspected did happen related to the rental. Your income was too hig...
Mark S.
Obsessed w These New Duplexes - PLEASE, HELP ME ANALYZE!
Sorry for such a long post, but I'm semi-obsessed with this potential deal. I've been wanting to buy one of these brand new, all-brick duplexes for some time now. I tried to further break it down. All advice and...
Sean Tracey
Anyone else primarily in stock index funds and 20% or less in RE?
Hi all,A little background - (skip to the tldr at the bottom if you get bored) I'm mainly a buy and hold index fund investor. While I'm certainly no finance major, everything I've read about investing has led me to ke...
Account Closed
What to do with excess cash
Hi everyone! I’m new to BP and excited to learn from all you experts!
I have 250k cash in checking and am self employed and bring in 40k a month from this specific business. 30k of it goes to my financial advisor and...
Brendan August
CARES Act 401k Loans
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
Jason Deck
Buy and hold in an IRA - Pros and Cons
Does anyone have experience holding property from a self-directed IRA? I am trying to get a handle on what is possible, and the pros and cons? For example, can I use IRA funds for a down payment, or must I make an o...
Patti Royster
Self directed solo i401K advice needed please
Hello there. My husband got laid off about 3 years ago and we did a Solo i401K with our 401K money. We have been told that we can use it to buy properties but we can't get loans with it, etc. The market around us n...
Louis L.
Refinance Vs Sell multifamily rental
Upon completion of a multifamily building renovation - do you usually sell the entire building, or refinance it to get the equity and hold it for the residual cash flow?As far as a business plan, I am struggling with ...