Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Bob Lett
W2 Job and Real Estate Tax Deductions
Let’s say you’re a new investor with a W2 job. As you start buying property out of state (air travel needed), can you deduct the travel? The reason I ask is because I’ve heard that you need to have your primary income...
Mark Tanner
Tax Question With Big Impact
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Michael Plaks
BEWARE: How Cost Segregation is sold to you
My client, let's call him Paul, was not happy to owe the IRS $100k - the tax penalty of having a successful flipping/wholesaling operation. So, based on his buddy's advice (sounds familiar?), he ordered a cost segrega...
Shriraj Shah
Tax benefit comparison - direct purchase vs syndication
I am trying to analyze whether to purchase an investment rental property in a SFH/MFH on a turnkey basis or via a real estate syndication. Can someone help understand pros and cons from the tax perspective for the sa...
Stephanie Moran
Made My First Rookie Mistake
Hello All,
Renovating my first property and I made a rookie mistake, a major one--I found out that my first contractor (who came recommended) is unlicensed in California!!!
I am two weeks into redoing several of th...
Mindy Jensen
How Many Clauses Do You Have Your Tenant Sign in the Lease?
In another thread (https://www.biggerpockets.com/forums/52/topics/707296-what-does-your-lease-say-about-modifications-to-the-property) I asked what your lease says about modifications.@Cassi Justiz responded "My lease...
Greg Moore
Anyone moving their investments to Bitcoin?
After watching a YouTube video from Ken McElroy stating 2020 is a wash, 2021 is the time to save up, and 2022 is likely the time to buy (when properties shift from motivated sellers to foreclosures to REO) I decided t...
John McKee
So where else are you putting your money besides real estate?
A lot of us our sitting on the sidelines as the market has peaked and interest rates are driving us crazy. Personally I'm still hunting for deals but realize this is going to be a difficult year to invest to make the...
Lesley Resnick
Bitcoin Bubble - Crash
I know this will bring out the haters and the, "you don't understand bitcoin". With that said here goes:
Bitcoin hit $23,000 this week. What does that even mean? You and I agree that today one Bitcoin is the value...