Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Cody - Excellent post and an important consideration for agents who also invest. We faced that issue way back when we first began doing our own investing, and fortunately had an accountant who kept us on the right track.

Dec 29, 2016 12:04 PM
Cody Carmen

Dick Greenberg thank you! This is definitely an issue area where an accountant could be incredibly helpful. I'm sure most good real estate pros could handle these hurdles on their own with the research and time invested (after all, real estate pros end up learning quite a bit about the law, accounting, and finance), but sometimes it isn't worth the time. Busy real estate pros hire accontants for the same reason busy people hire real estate pros: an efficient professional can really be worth the cost, especially when the alternative is a lot of hours of personal time invested. 

Dec 29, 2016 12:08 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is great information to share with real estate investors.

Have a most productive new year!

Jan 09, 2017 06:11 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Hmmm, that was interesting.  I suppose it makes sense to be more involved with the property management and take an active role, and therefore be able to deduct any losses.

Jan 24, 2017 11:25 PM
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

Interesting and important post for people who would like to take those deductions.

Feb 13, 2017 09:58 AM