Can anyone tell me exactly what part of sec 469 of the tax code that explains what qualifies you as a real estate professional? I am having a disagreement with my CPA. He says that you have to have a 7 days or less on...

Hi, I'm a bit new to landlording/investing and I'm just trying to get mentally prepared for some fun tax filing next spring. Wondering if I may ask a couple general questions to the wonderful community here. In unchar...

Hello,

Some clients have been interested in investing in a syndication deal using their self directed IRA funds. When discussing it, the following came up that I’m very curious about.

If I’m a general partner/spons...

Hello everyone, I’m in the process of closing my first multi-family property purchase in Buffalo, NY. It’s a 4-unit property, and I intend to owner-occupy one of the units. Insuring a multi-family is new territory and...

I am new to this forum and would like some advice i am a wholesaler and this is my first year in business recently open an online IRS Filing account and upon filing my return i received this profile of folks within my...

A couple who was selling their house applied for my rental. They were sure that their house would close on a certain date post lease-signing, and upon my urging (twice) they confirmed with their real estate agent that...

Hi, just wondering if someone can help me out who fits a similar tax scenario.- US Citizen residing outside of the USA, paying taxes in another country on global assets and owning a rental property in the USAThis is t...

Hey all,  I am looking at a park that has a legal non-conforming designation.  The reason being lot size.  Minimum required is 20,000sq/ft per home as of 2001. Nearly half an acre.  The park was finished in the late n...

Hello,I am a Brand new investor based in Queens, NYC. Just wondering, Is it possible to get any wholesale deal in NYC ? Or I have to change my market out of NYC ? Need some advice from experienced and senior wholesale...

Hi BP

I am running through some scenarios for a first rental property which will be out of state using a PM.

The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...