Kaaren Hall
Invested in a House with Your SDIRA? Remember to Keep a Cash Reserve.
After you have invested using your self-directed account, you might wonder about the next steps to take. Importantly, it's crucial to be aware that a lack of available cash in your Self-Directed account can expose you...
Liz Ridgway
Passive Losses at Time of Sale
I am reading BP’s Tax Strategies book and I wish I had read it sooner. This should be required reading for anyone who owns RE, even if only a primary residence.My question pertains to passive losses. Due to the income...
Jay Yoo
Capiral Gains basic questions
Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...
Mike Landry
Tax question on loss carryforward, sched E vs D
Hey guys. I'm at a slight disagreement with my cpa and wanted to gather opinions. Is Schedule D ever used for passive real estate losses carried forward? Does it have any affect.I'll make up an example.I have $5,000...
Account Closed
Cons of Landlording in CA
I heard someone say land lording in California wasn't as good as other states and that it's more tenant friendly than landlord friendly. What are some cons about being a landlord here in CA?
Andrea Rowell
Rental property loss and above MAGI limit
Hi, My husband and I are newbies to real estate investing. We purchased two condos out of state in February. We are going to do some upgrading and repairs which will result in a loss this year. Our MAGI is above...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
Cheryl Whitehead
Newbie! Taxes on STR
I think we have decided to start our REI journey with a STR! Just looking for any advice some may have. The whole banking process is going to be learning curve for us, but I read on another post that STR income would ...
Joe Delgrosso
No Tax Benefits From Owning Properties?
Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just bre...
Jason Dumbaugh
Sell or Rent primary residence?
Hello all,Looking for some sell-or-rent advice. My wife and I purchased our first-ever home in Viera, FL (on the Space Coast) for $430k back in Oct 2022 with 10% down using a 5/1 4.5% ARM. We're now 2y+ in, and set o...