Nathan Valmonte
Condo ceiling leaking from dog piss of upstairs neighbors
Hello folks,
This is my first post as a desperate condo owner. I have a condo with a leak in the ceiling where I used to live. I moved out with the intention of renting it. In the week that I have moved out and was p...
Ronald Lambert
Self-Directed IRAs and NPN Investing
Hey everyone, hoping to get some guidance. I have been doing some JV deals in my SDIRAs involving non-performing notes, where I am in the role of the investor. I now would like to use my SDIRA where I am in the role o...
Ryan Lowe
Tax Strategies for High Income Professional
Hi - I am a new investor starting to invest in long term rental properties. I am a high income W-2 earner based in NYC. What tax strategies do folks recommend? This will be a passive investment.
Sandra S.
Great explanation about what's happening in the mortgage industry
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...
Mak K.
Water Disaster: Lesson Learnt- Whole process In my case
Hi,
I have learnt a lot from this forum and thought to do a lesson learnt on my recent experience to help the newbies. This is to help with most common disasters which is water damage to homes. Again, I am a newbie ...
Curt Smith
Rescinding real estate professional status, why I'd like to...
I've read in other tax forums assertion of IRS auditing real estate pro's... Just another issue. My guess is that risk comes from actually negating ordinary income with real estate losses in execess of >$25k. ...
Cole Shawd
Tax Savings on Commercial purchase
Buying my first commercial property in South Dakota. I talked to my CPA and he stated that there isn’t any tax benefits to purchasing this property INITIALLY. Is this true or is anyone aware of tax savings or reduct...
Jeff Fairchild
Tax deductions rentals
This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...
Norman Scott Duncan
Sale of property within LLC
Three family members have owned a house for 10 years - always occupied by a family member. This year we placed it in a LLC (Limited Liability Company) in order to rent it for about 3 months of the year. Now we have ...
Jackson Long
"Tax benefits" explain?
Hey guys, we often talk about the tax benefits of owning real estate. Do these benefits extend beyond the rental income? Could somebody give me a laymen's overview of how this works?