Taylor Green
How to qualify my wife as a RE professional for tax reasons?
Hi,I was wondering how and if my wife could qualify as an RE professional for tax purposes? I would love to be able to write-off some of my W-2 income.She is a stay at home mom with our 1 year old son, and uses her fr...
Jeff Greenberg
Cost Segregation Study
Has anyone done a cost segregation study, and what are the pros and cons? Has anyone used Engineered Tax Services for this study? It all looks good on paper, but I wanted to see if anyone has some real world experie...
Simond Wong
Post Tenant Security Deposit Review
As a landlord, what is your approach to reviewing your property after the tenant has moved out.What do you look for specifically?What have you overlooked and now you will not in future cases?Finally how do you assess ...
Sean H.
traditional IRA contribution?
-im entirely self employedSo, im looking at tradtional IRA contribution for the year and its based on mgai. If i made 175k for the year, and contributed the maximal to my solo 401k (57k), does that effectively bring m...
Tyler Willson
Tax Implications for Flipping
Hello everyone,We are nearing the end of our first rehab and flip project, and I was wondering how we go about writing off expenses for taxes. I was getting fairly clear on how to do it for rentals with division into ...
Julio Gonzalez
Top 20 Tax Incentives for Real Estate Investors
Maximizing your available tax incentives is a big part of profitable real estate investing. Real Estate investors have a lot of options when it comes to tax incentives and tax strategies. Here are the top 20 that my c...
Julie Fagan
Michigan Landlords - who are you using for Rental Property Ins???
I am getting some outrageous rates. We are at 8 units and about to get into a 9 unit apartment building. Our policies are spread out among 3 providers so far. Each time we take the lowest bidder as the rates seem t...
Melissa Galvez
Hurricanes in Florida
I am looking to start investing around the Cape Coral or Fort Myers area in Florida. I am a little concerned because of the high risk of hurricanes in that area (i.g Hurricane Irma in 2017) . I am assuming most proper...
Sam Rispaud
Sole proprietorship and capital improvements on primary residence
When deducting capital improvements from any profits made on the sale of your primary residence, can these capital improvements be made in the name of your sole proprietorship even if the home is in the name of the in...
Jeffrey Fung
1040 Tax Returns - What amounts do you use for Property Tax
When you guys are filing property tax amounts for rental properties, what figures do you use? For example, let's say I am filing for 2023: 2022 -2023: Installment 1: $5,200 Paid Nov 2022Installment 2: $5,200 Paid Apri...