All Forum Posts by: Ezhil N.

Hi Patrick - I don't know anyone around your area. I reached out few of my peers to see whether they know someone who they can refer in your area. Waiting for their response.  I will PM you once I get that information.

Patrick - I'm a CPA and a  Realtor in Bloomington,IL area. I know that I'm rather far away from your place. I do help with a lot of Rental business owners and other companies. If I can be of any help, please let me know.

@Ben Hwang

I'm a Realtor and CPA in Bloomington/Normal Illinois. I help clients with real estate buying and selling. If you still looking to invest in Bloomington/Normal area, please let me know. PM me if you have any questions.

Eventhough I'm a CPA, I can't give a definite answer to your questions since the passive income loss deduction of $25000 has so many exceptions. I will quote one here which may apply to you:

Married persons filing MFS (Married Filling Separate) who lived together at any time during the year cannot claim this allowance. Married persons filing separate returns who lived apart at all times during the year are each allowed a $12,500 maximum special allowance for losses from passive real estate activities.

My suggestion is to contact a qualified tax consultant who deals with Real Estates.

Good Luck.

Hi Michael- I think Peoria market will see a lot of activities with CAT's announcements.

Thank You, all. I'm an investor based in Bloomington/Normal . I passed my real estate exam , so currently I'm looking for a good broker to associate with. 

Hello All:

   I'm a practicing CPA and have been trolling this website for the past 6 months. I own two rental properties - a townhome and a duplex. I want to expand and diversify my real estate holding in the next 2 years.

  Recently I passed the real estate exam and in the process of interviewing brokers. Currently, I'm looking for duplex/triplexes in the Flordia market (Miami , Ft.Lauderdale and Tampa area).
 Hope I can take a dive in accumulating real estate properties soon.