The best tax deductions are those that do not require cash outlay, yet generate tax savings for you while the property is still generating a positive cash flow and appreciating.
When you get into “selling” scenarios (like wholesaling, retailing, options, lease options), the IRS may try to classify you as a "dealer."
Being tagged as a dealer could be a financial
Anyone in real estate you deal with is a potential dispute.
You should absolutely have liability insurance. But insurance doesn't protect you from legal disputes with tenants, contractors, partners, and others.
Asset protection is more important now than ever before because there are 82,000 lawsuits filed DAILY with real estate being a BIG target. There are numerous vehicles to protect you
Money-saving entity selection is not based on arbitrary guess work, but on factual data by examining the three sides of an entity – the LEGAL side governed by state law
* Taxes will be the biggest expense you will pay in your business and personal life.
* Taxes will prevent you from taking more money
The IRS has been stepping up their audits of anyone who takes a real estate loss on their tax returns. Some of their arguments against the taxpayers are valid and
Are you maximizing your tax savings in your real estate investing business? Now is a great time for you to make sure you have structured your investing operation properly, so
According to the material participation rules, you must spend 500 hours or more in activity with your property. You and your spouse can combine your hours.
The IRS is going to