If you have depreciation and interest deductions that can’t be used (say your before tax income is only $200, and your int/dep deductions are $5,000), are those unused deductions passive activity losses that are carri...
Hi all,My lender told me a while back that he had a loan program available for 2-4 unit properties that required 20% down. Based on that, my wife and I have spent a great deal of time researching properties, going ou...
...Sometime you just have to laugh. Happened two weeks on a house in Cranford, NJ, a nice neighborhood. Bought the house from a guy who was in a rough spot due to some premature deaths of family members and he just we...
I was thinking about flipping a seller carry back note. I am new to the notes and real estate business and wanted to know how that would work tax wise. I understand that if I were to flip a house I would be subjected ...
As I’ve learned more and more about real estate, I’ve come to the conclusion that I have no interest in flipping or doing a full rehab on a property I’m interested in. I’m taking a “buy and hold” strategy with tenant...
Since the new 5% down payment came out i am currious if the rents from a 2-4 unit owner ocupied can be used as income to help qualify for the loan, like you can with FHA financing.
Property purchase #1 was a rental and I describe the entire buying process in my blog post here.Property purchase #2 was my primary home and we just closed earlier this week. Lots of people ask the question about whet...
I have about $60K in 401(K) accounts and approximately $100K in equity in my home. I want to invest but I don’t have any liquid cash besides what is in these accounts. I am not against taking money from 401K for real ...
Good morning!I am in the market for a new personal/business computer that I would use for email, bigger pockets and to hold my tax information.I like the idea of the 2-in-one laptop/tablet, but since technology has ch...
I am hiring a management company to oversee my 20 unit out of state apts. My current on-site manager, though qualified, couldn't keep up with the needs of the property. She will be retained when I bring on the manag...