new guy (sort of), and still struggling with tax saving strategy

[Nam Nguyen]

Hi everyone. I'm an introvert, but I can fake it for a short while.

I work in Northern Virginia, and we have long-term rentals in Florida and Indiana. I'm posting here because there are folks in this community who would understand.

Over a long period, my wife and I have acquired a few long-term rentals in FL and IN. I have one commercial loan remaining. Our purchases are generally in cash.

I want continue working 40 hours a week (to maintain a financial foundation, and health insurance) and be considered a real estate professional in the eyes of the IRS (for tax savings reasons). Because my purchases are generally in cash, I think I'm missing out on the tax benefits of a loan, but we have worked hard not to have loans.

Then again, I'm not very smart, and I would love to connect with folks who are and generally aren't trying to sell me something. To learn about tax-saving strategies that are realistic for us, we are browsing this forum, watching YouTube, and getting lost all at once. I am actively looking for a tax strategist that is willing to coach.

Hi, I'm Nam. Nice to meet you. I'm socially awkward, but may I ask you some questions?

Oh, you are into youth soccer? I record games with my Hi-Pod.

Oh, you collect Transformers? I watch YouTube videos about them.

Oh, you were in a similar position to the one I am in now? Hi again; it's nice to meet you.

Thanks.