Daniel Dietz
What Counts as Hours for Real Estate Proffesional Designation?
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
Hunter Harms
Question regarding general contractors and the rehab process?
Made up example scenario: I just closed on an REO I intend to fix and flip and have had an inspector come through and give me his own SOW for the property. I want to hire a GC to pretty much manage the entirety of th...
Michael Buska
Does the STR "Loophole" work for Cost-Seg, if not self-managed?
Hey Everyone,NJ investor here, looking to buy my first STR in the Orlando/ Winter Park Area in the next few months. Curious if anyone has had success (or failure) qualifying for RE Professional status with an STR, eve...
Chris Herring
Tax Strategies When MAGI Exceeds $150,000
Hello, I'm a long time lurker but I believe this is my first post. While I have upcoming meetings with a real estate CPA, attorney, and a financial planner I want to reach out and see if anyone has some insight.My bu...
Vikranth Biradar
Qualifying for Depreciation using STR
My short-term rental is out of state but I manage it remotely (mostly guest communications and troubleshooting issues) and if I include in that the time I spent getting it ready to rent, I would say I materially parti...
Account Closed
Pay for material separately or not
Hi, I currently have an out of state rental property that needs some major roofing work. And I know almost nothing about good roofing materials. I've been trying to read articles and watch videos to familiarize myself...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Nick Genovese
Northeast Pa Network
I would like to meet people interested in investing in the Scranton Wilkes-barre area. Or people already investing in the area. I have lived in this area for 32 years and have 10+ years in the building materials indus...
Pam Smith
Schedule E - filing as non-passive income
Hi all-I was reading one of the blog posts on the Short Term Shop blog about Schedule E vs C, passive vs non-passive. In the blog, they reference, "According to Treasury regulations, vacation rental owners who rent th...
Ivan Loza
Building with a partner
Hello all, if you were to invest 50/50 on building a new home for selling purposes with a partner and the partner agreed to do all the work what would be a fair split of the profits?80/20, 70/30, 60/40 etc