Manoj Mathew
New to real estate investing and BP
Hi I am new to real estate investing. I had some old 401 k that I am planning to use by rolling over into a Solo 401 k with an LLC to invest. I have been educated that only non-recourse loan can be used. I came across...
Kei A.
Foreclosing on a Property After Purchasing Tax Lien
Hi all,I talked to an attorney about investing in tax liens because I am planning on purchasing in the upcoming sale in either Baltimore City or Prince George's County, MD. He stated that if someone buys a $4,000 tax...
Brad Davis
Landlord's opting out of Section 8 Program
Below is a link from our newspaper in Cincinnati about a greater number of properties are not qualifying for section 8 vouchers and landlords are not make repairs to pass inspections. To me the piece lacked the landlo...
Laura Janosko
Tax deduction for driving to/from owner occupied property?
Hi BP Community,Does anyone know if you can get a tax deduction for the miles spent travelling to and from an owner ooccupied property?
Noel R.
Anyone renting to section 8 tenants in Indy?
Interested in understanding the section 8 tenant pool and your experience either managing or renting to sectionn 8 tenants. Are you able to get higher rent with section 8? Have you found tenants keep good care of your...
Maximilian Marck
The Partner/Deal Catch-22
Let me begin by saying that I recently upgraded to Pro, and I already feel like I have gotten my money's worth. This community is invaluable for providing insight, education, and confidence for aspiring investors like...
Michael Mackney
Cost segregation study on a property from 2022
Hey everyone, I'm starting to dive deep into the tax benefits of REI and I had a question regarding a cost segregation study and accelerated depreciation. I purchased a long term property in 2022 that has been run by ...
Account Closed
Real Estate Rental Income as written by Kislay Shah CPA
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Tzvi Nussbaum
Excess Business Interest Expense 163(j)
I recently reviewed my tax return for 2018 prepared by my CPA and noticed that the amount deducted this year for depreciation was significantly less than years prior. He used the Excess Business Interest Expense form...
Anthony D.
how can money in IRA be used to pay off a house ?
Is there a way to use retirement funds( eg. funds that one may have in an IRA) to pay off a house without paying the hefty 30% to the IRS for pulling the out money before retirement age?