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Getting around the AGI limit for passive-loss deductions
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...
Mike Carstens
How do I enter the appreciation of value after a refi & cash out?
We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...
Wayde C Hall
Foodstamps effecting ability to invest in rental property
Hello everyone,
I'm new to investing in rental properties and have been listening to the BP podcast for weeks now and have since read several books but I have not seen anything addressing my question of if I have f...
Zocky Zhang
Sold my house profit tax reporting
Me and my wife bought a house in Philadelphia in 2016 when we were renting a condo in Maryland. We managed to sell the house in 2019, then immediately used part of the proceed as down payment for our new house in Ma...
Alex Silang
Having seller refinance the house before selling, then assume mortgage
I am going to buy my first rental property soon. As many of you know, you need to wait 2 years for rental income to count, so I'm going to need to wait 2 years to buy that second properrty.
I was thinking of ways aro...
Austin Grant McDowell
When did you know to go all in?
Good morning! Quick question: when did you know to take the plunge to go all in with your real estate investing from your normal job? Thank you,Grant
Andy Lightner
Tax Ramifications for Wholesaling
all,
i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????
Jennifer A.
Refinancing a rental property
I purchased a property at a foreclosure sale for $150,000. I paid all cash for the property. That was in May. I'm now trying to cash out on the property. I have put about $8k into the property. The property is...
Daniel Maciag
Is it me or.... (rental vs price)
Take Ozone Park for example. I saw a house last week for 630k 2bd over 1bd. Running some basic numbers.... (not conservative).Upfront5% down + 20k closing = 51.5k out of pocketMonthly (best case scenario)- 2944 Equity...
Isaac S.
Zero Cash Flow ZCF Exit strategy and/or ZCF DST Funds
I was recently exposed to the use of Zero Cash Flow DST offerings for the same reason you would invest in an individual ZCF asset....for me, I first considered them for the depreciation that would help shelter cash fl...