Tobias Joneses
irs form 8582 unallowed and allowed losses
Hello, I have a question. Say I have a net loss of 20k. 4 properties each have 5k loss. The allowed loss for each is 3k and unallowed is 2k. for next year am I allowed to carry over the net loss 20k? or just the u...
David Reardon
Real Estate Partners LLC Tax Return Questions
I have a 50/50 partner in an LLC and we are rehabbing a home with an upstairs and downstairs unit. We have been renting the garage to a guy for storage and have $1250 in income for 2019, and have put about $30,000 in...
Victor So
How much of rent to set aside for maintenance/ repair costs?
Hello BP!
I'm about to house hack my condo by renting out one of my rooms. After collecting rent, how much of it do you set aside for future maintenance and repair costs such as cap ex and how much of it do you keep...
Peyton LaBarbera
What investment formulas do I need for rental properties?
I am overwhelmed by the number of different formulas that are out there for rental property investing and I don't want to overpack for lack of better words my investing formula arsenal so I would like to know what one...
Terry Hall
Is this Tax Exempt or not?
I bought a house lived in it for 3 years, then rented it for 3 years, is it tax exempt? My CPA keeps using a complicated formula saying I owe a portion. Then I convinced him if it was my residence for last 2 of 5 year...
Carlos Flores
Aliens may destroy humanity to protect other civilisations, say scientists
Aliens may destroy humanity to protect other civilizations, say scientists
"Rising greenhouse emissions may tip off aliens that we are a rapidly expanding threat, warns a report for NASA."
Seriously!?! Do you think ...
Mike Tremblay
How do you figure ROI on a rental property 100% financed?
So a lot of people seem to tell me that I should know my ROI. But I'm unsure how to calculate that. I mean I understand that if I invest $1000 and make $100 over the course of the year then I got a 10% return. But...
Theodore Smith
Sale of 2+ unit property used as STR but also as primary residenc
Pretty sure I need some local Real Estate CPA tax advice, but thought I would post real quick to get any thoughts. Planning on reaching out to some CPA's next week.
Some Facts-
Purchased Property 07/26/2019
Price ...
Nicholas Moffett
BARE BONES NUMBERS ---- WHAT WOULD GET YOU TO INVEST ?
I pose this question to EXPERIENCED multi family unit buyers. 2-3-4-5-6-7-8- Plex units. WHAT ARE THE BARE BONES RETURNS YOU NEED TO INVEST ?For Example. Lets say your going to buy a 4-Plex for 120k and it needs 20k ...
Giovonni Brown
MAO Formula help
Hi I really need help understanding the formula for calculating the max allowable offer. There one thing I don't understand from the formulas I've seen online. Please help DM me if you want.