All Forum Posts by: Senate Eskridge

This article has a great summary
https://mihmastermind.com/7-st...

The answer to your question as you have it worded is Yes, As a real estate professional you can use passive losses against ordinary income.   but as @Arn Cenedella tax advice on BP is worth what you pay for.  I am not sure the way you described it you would qualify for REPS.  

The IRS put out a 12-page PDF about qualifying for REPS

I would consult a real estate specialist Tax advisor such as HALL CPA they also published an in-depth guide to the REPS status that is extremely detailed.  
https://www.therealestatecpa.c...

I have struggled with this exact question in the past.  I personally would choose the fourplex because I have found that the less roofs and all the things that come with them the better off you will be.  This is why I have moved into even larger multifamily apartment buildings and started helping people invest into syndications.  

The December Magic Valley Real Estate Investors Meeting will be 6:00 PM - 8:00 PM on December 8th at Hong Kong restaurant. Networking begins at 6:00 PM and the presentation begins promptly at 6:30 PM.

Have you joined our Facebook Group yet?

https://www.facebook.com/groups/mvrei

We will be meeting at Hong Kong Chinese Restaurant

163 Cheney Dr W, Twin Falls, ID 83301

Food will be available but not required, their menu is on their website if you would like to peruse it ahead of time.

http://www.hongkongtwinfalls.com/menu/

@Marc Warren I am a Multifamily Syndicator and I know several I can refer you to.  I would be happy to chat sometime.  

The November Magic Valley Real Estate Investors Meeting will be 6:00 PM - 8:00 PM on November 10th at Hong Kong restaurant. Networking begins at 6:00 PM and the presentation begins promptly at 6:30 PM.

We will be hearing from Derrick Johnson with Cooper Norman CPAs, he will be educating us on real estate taxes. Be prepared, and bring your questions. I know you have some!

Have you joined our Facebook Group yet?

https://www.facebook.com/group...

We will be meeting at Hong Kong Chinese Restaurant

163 Cheney Dr W, Twin Falls, ID 83301

Food will be available but not required, their menu is on their website if you would like to peruse it ahead of time.

http://www.hongkongtwinfalls.c...

The October Magic Valley Real Estate Investors Meeting will be 6:00 PM - 8:00 PM on October 13th at Hong Kong restaurant. Networking begins at 6:00 PM and the presentation begins promptly at 6:30 PM.

We will be hearing from Kris Carney with ROI Property Management, Kris is a real estate investor himself so he thinks like an owner, he will bring a wealth of knowledge.

Have you joined our Facebook Group yet?

https://www.facebook.com/group...

We will be meeting at Hong Kong Chinese Restaurant

163 Cheney Dr W, Twin Falls, ID 83301

Food will be available but not required, their menu is on their website if you would like to peruse it ahead of time.

http://www.hongkongtwinfalls.c...

 @John Paulus I have several, but it would be good to define what you are trying to accomplish.  If you are looking at smaller units the one here on Bigger Pockets is solid.  

If you are trying to scale into bigger projects there are a few out there that are really good.  my favorite is Synthesis by Sharpline, you can see the details here.  https://www.themultifamilyanal...

You can also use the Adventures in CRE free model https://www.adventuresincre.co...

@James Luctamar I am a multifamily investor and always enjoy connecting with new people lets chat.  

Way to go!  I am touring assets next week!