Desmond Price
Rental to help offset 120K in income tax
Hey guys,Im trying to get an idea of how much a rental property could help with offsetting income taxes. Im looking for a SFH here in SoCal to rent out long term. The purchase price is 250,000 and the rental income is...
Rahul Gupta
Taxable income to 0 by investing in Multifamily
If we sell the two houses that we just rehabbed, put all the cash we get from that as a down payment on say 5 multifamily houses, would our taxable income be $0? How do we achieve that?
Michelle Le Mere
Flower farm tax deductions
I am not sure if this is the right forum, but I am wanting to start a flower farm this spring and was wondering how to go about it? Do I become an LLC first and then save my receipts for tax purposes or what? And, d...
Arjun K.
Persistent Rental Property Losses
I am trying to understand the implications of the IRS not-for-profit rule.
Let us assume:
- I have a group of rentals
- Each of these rentals shows losses for Tax purposes (rental income less: pro...
Lucas Wagner
Early move-in barter for cleaning
So, I tried to search this and couldn't find anything. I'm wondering if anyone has tips for exchanging an early move-in date for the new tenant doing cleaning at the property.The early move-in would be a full week an...
Jigar Patel
Insurance claims for theft/brake-ins at Investment rentals
Hello Friends, I wanted your inputs for the unique situation i have been facing for one of my rental managed by Property management. One of the tenant (single man, Living alone in the unit) of my Investment duplex i...
John Rulloda
Landlord refuses to fix ac unit
Landlord didnt want to fix the ac unit because the previous tenants dog messed up the outer AC unit and the coils are open and in sight. We have been living with it for 4 years and noticed our electric bill has been h...
Brigg Backer
National REI insurance
Has anybody used National REI insurance for a multi family property? Looking to insure a fourplex with a purchase price of $325k about 3000 fsf and the quotes are all coming back around $4k/year. REI is about $16...
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. ...
Ben Kirchner
Investing in property abroad
Does anyone have property in a country they do not live in? This interests me for several reasons.1. My wife is from Brasil. She currently has land in her name, and will ultimately own a house there (shared with her...