Sam Dal
Passive RE investing and unallowed losses
Guys - this is regarding investing passively in multi-family. Can you take unallowed losses accumulated for a property directly against capital gains when the property is sold? In addition, am I accurate in stating th...
Angie Yang
real estate professional (REP) status
If I become a part-time real estate agent and have no other W-2 job, would I be able to qualify for real estate professional status? If it's possible, what type of RE agent activities might count towards the 750 hours...
Dan B.
Flipping: Profit share btwn Financer and Contractor
I have a very qualified contractor who I trust who I'd like to go in with on a Flip. He's also very expensive (very good work, on time). I would be providing financing and finding the deal.How can I structure the de...
Bilal A.
Any High W2 earners out there?
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
Ali Hashemi
Limiting tax exposure
This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...
Jason Watson
Grouping Passive Activities
Along with Material Participation as a Real Estate Professional, you might also want to consider grouping your activities together. So a common question that I get is-
Do I need to group my rental activities together...
Sahil Parmar
Rental Income and Taxes
Can depreciation on rental properties be used to offset W2 earnings? So for example, if I make $100,000/year through a job, can taxes on that income be offset if I make a loss when I deduct depreciation from my rental...
Tiffy W.
LLC's R/E losses to Personal Income tax 1040
Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...
Robert Mack
Tax Credits for Buying Troubled Properties
Here is an article about a bill the Senate drafted.
"Washington's housing fix taking shape"
http://money.cnn.com/2008/04/02/news/economy/housing_bipartisan_draft/index.htm?postversion=2008040306
These are two poin...
Mike X.
What is the most cost effective way to remove mold from AC vents,
I found out that I may have mold in the air conditioning vents in my condo, never having to deal with this before I'm at loss how to proceed with mold removal. To complicate the matter I'm putting the property for sa...