Shaminique Mason
Help! Pregnant and getting laid off!
Hello I am new to the forum and somewhat new to investing (I bought one house rented it and sold to my tenants 3 years ago) I have been working as an accounting since graduating college in 2008. I am pregnant with my ...
Keith Macpherson
First deal advice - Toronto, Canada
Hey all!I'd love to get some constructive feedback on my plan to flip. First off, I will be doing this part time, however with that being said, my full time career is a Construction Estimator for a major renovation co...
J R Spikeston
How do I look in the eyes of a lender? SFOO Buyer and Holder
I never planned on being a landlord, but looking back over the last decade I've settled into the pattern I explain below. My main question is, "How will I look in the eyes of a lender when it comes time to buy my four...
Gulliver R.
Are Airbnb and VRBO host fees tax deductible?
Hi all,I've read that Airbnb and VRBO hosts fees are tax deductible. I've found out how I can look up the host fees I've paid last year on Airbnb, but does any one know how to find that out on VRBO?Other than cleaning...
Cristin Andrews
IRS recognized real estate professional while drawing pension?
Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...
Account Closed
tax refund on rentals claim losses? confused?
Ok quick question regarding taxes. I purchased my first rental and on my earned income i make under 25k a year as a server (don't claim enough tips), basically I am looking at purchasing Albert Aiello's tax software, ...
Branden Miletta
Multifamily, Brrrr, or Fix and flip
I bought my first home as a primary residence as an easy fixer-upper. I have been house-hacking it the entire time I've owned the property as well. The Property value and loan paydown have resulted in 27k of equity bu...
Kyler J Sloan
Passive Losses for STR's
Is there any way that STR rental income can be considered "active" from a tax standpoint? I spent a lot of my time working on renovations myself, and manage it myself, but I have not manually tracked the time investe...
Samantha L.
75% of monthly rent is added as debt?
I own one rental house. I owe 60k on it and it rents for 675/MO. My husband owns our primary residence. We owe 125k and it is valued at 170k. We applied for a 40K HELOC to finance our next rental under that house. My ...
James Otto
Making offers, low offers compared to asking price?
I'm looking at buying a building that is listed for 870,000 But I feel its inflated based on potential. I value the property at 570000,(10%) cap. Its it even worth making such a low offer since the owners are asking 3...