I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...

Looking for a Texas based credit union or bank that would service a mortgage in-house. Due to a cost seg on a storage facility last year, showing a loss on paper (six-fig accelerated depreciation), I don't qualify for...

Hi everyone,

thanks to James Vermillion who suggested I introduce myself, Im here giving everyone a warm greeting even though I am still mourning the loss of Oklahoma Thunder in the championship. Am I the only one in...

If you live in a state where the bank can sue for deficiencies, what is the actual likelihood of a unemployed, broke homeowner going through a short sale being sued for deficiency?

I hear there are more lawsuits than...

I'm going to be getting my money out of my first BRRR this week & am hoping to have the next under contract this afternoon.
My question is how does one calculate the "purchase price" for the BRRR and if we have a...

Hello everyone, I have a question in what sort of activities that can qualify me as a real estate professional.

I have a few rental properties and my rental income is my only income. I only spend about 2-3 hours p...

Hi there!  I am interested in how rental losses work if income is over $150K and if not a real estate professional.  First, I suppose that these losses can be carried forward but how are they eventually taken?  Only i...

So, I am located in the LA/OC area and thinking of investing in a SF home or two in the North or Southwest area of Bakersfield. The market seems to have recovered within 20%-25% of the 2006 peaks according to what I c...

Looking for recommendations for a time tracking app suitable for real estate professional status qualification. Ideally would have iphone and web access to account.Would appreciate pointers both positive and negative....

As a regular w2 employee, a general rule of thumb is you will be paying 1/3 of your income into taxes. If you are full time landlord and live only off rental income profits what is a general rule of thumb on taxes y...