Jeff S.
Safe Harbor tax deduction
Wondering how many will be taking advantage of the new safe harbor rule? Accountant says need to be in a trade or business and pay SE tax. What is your take?
Sean Imfeld
Ways to Unequally Split Profits?
So here's the deal: My mother (the money) and I would like to buy some properties together, with any rent profits distributed unequally to us both (let's say 90/10 in favor of my mother), with the understanding that ...
Jonathan Gray
Good idea to convert primary residence with $250k gains to rental
Hello everyone! This is my first post. I have been looking into the tax implications of converting my primary residence to a rental and have only grown more confused as my particular situation doesn't seem to be descr...
Jay Robertson
Tax consequences - passive loss and sale of multiple properties
Hello, I became a small-time real estate investor/landlord (more by brute market force than by choice). I have been browsing this forum for many months and have learned so much. However, I cannot find the answer anywh...
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
Managing money might not seem as exciting as closing deals, but it’s one of the most crucial aspects of running a successful real estate business. Properly structuring your bank accounts ensures that every dollar in y...
Peter Morgan
Self reported income from prospective tenant!
Hello,A prospective tenant self reported income in Zillow rental manager that's 3x times more than rent. Can I ask for past w_2s and paystubs including a copy of driver's license?Appreciate your inputs Thanks
Jamiek Todd
How do I show banks I don’t pay my own mortgage ?
I bought my first house and I’m house hacking a single family home. I have my rooms rented out and they play my full mortgages and then some . I want to know how do I show banks that I’m not pay my mortgage but my ten...
Joseph Brown
Using Rental Income+Equity to purchase 2nd Rental
Greetings. I am trying to wrap my mind around the potential tax benefits, deprecation, and cash out opportunities of a fully owned property with the intent of reinvesting into another property and increasing cash-flow...
Andrew Hove
Property with short term and long term rental income HELP
Just found the site and am tearing through podcasts and articles. Such a great resource. Thank you to the founders and wonderful contributors. It has been a huge help. I currently only have one rental property but am ...
Sunny S.
Passive investment on h1b
Is it allowed to own and get rental income from a real estate while on H1B visa ? Also is it allowed to form an LLC for a rentalProperty on H1b ?What are the tax forms that need to be submitted when the property is ma...