Jack B.
Cash out refinance tax implications
Thinking of cash out refinancing some existing rentals to buy more rentals instead of deploying capital on hand. That said I'm having a hard time finding deals due to low inventory. As I understand it once I cash out ...
Marvin Song
Tax deductions on partnership return for out-of-state investors
Hi Everyone!My wife and I live in NJ but own rentals in Indiana managed under IN LLC and its parent WY LLC. We are members of WY LLC with 50-50 ownership. My CPA says 'since both rentals are in another state, it is di...
Jacob Olivos
I need to refinance my homestead/rental . I would Appreciate some guidance
I have a 4 bedroom that I have on a owner finance mortgage that I have as my homestead, I rent out 3 rooms (as I am a single man no kids no animals) the benefits are great because I can live in the property and still ...
David DeRiso
Is this a good HELOC rate and terms?
Hi BP!(First post BTW)I am looking to buy my first investment property. I am currently shopping around HELOCS in order to fund this. I own my primary residence free and clear and have found a HELOC that seems good. $...
Joe Faruko
When do I report an investment property (NY)?
Hi All - I recently bought 2 investment properties in Long Island and wanted to know when I needed to report them on my tax return? I am unsure if the props would be rentals or flips, as of now I am feeling out the ma...
Nick Leamon
What can I do with an inactive license?
Hey Guys and Girls,Looking for an answer to a simple question but i cannot seem to find it anywhere. I live in Texas and have a full time job but invest in real estate on the side. I was contemplating getting my RE li...
Tara Lambert
Who can receive referral fee?
Hi All,
I've recently gotten my NC Real Estate License and am looking to invest in my first vacation property in Gatlinburg, TN. The agent I've been speaking with there, says I have to be actively working under a ...
Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
As a CPA focusing on real estate taxation, I frequently encounter property investors excited about cost segregation studies. And why not? The promise of accelerated depreciation and immediate tax savings is attractive...
George Walker IV
Military Active Duty investors
Hello Everyone, I am a active duty marine looking to invest in my first property before the year is out. I’m looking for any advice before I hop into this. I have read plenty books and I attend my local Realestate mee...