Real Estate Investing

Recordkeeping for the Real Estate Professional – Part 2

By on Mar 1, 2018 in Real Estate Investing | 1 comment

            In a previous post, I told you about Alvin Jones, an insurance agency owner whose recordkeeping (or lack thereof) cost him an important tax deduction for being a real estate professional when his records didn’t allow him to prove that he spent more time involved in his real estate activities than he did in his insurance business.             The purpose...

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Recordkeeping for the Real Estate Professional – Part 1

By on Feb 23, 2018 in Real Estate Investing | 1 comment

           A recent tax court case involving Alvin Jones, an insurance agency owner, highlights some of the many challenges faced by busy professionals who, for tax purposes, seek to become real estate professionals. Mr. Jones owned and managed ten single-family homes in 2011 and eleven single-family homes in 2012. He spent a considerable amount of time complying...

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Protect Yourself by Doing More

By on Jan 30, 2018 in Real Estate Investing | 0 comments

            For the third time in three months, I have read a sad story from a friend or contact about how they had trusted another person to manage their investments and had put their retirement savings with a certain investment advisor, only to have the money stolen from them as part of a greater pyramid and Ponzi scheme. One of the commonalities among these three...

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Updating and Revisiting Your Insurance

By on Jan 9, 2018 in Real Estate Investing | 1 comment

            In my previous post, I shared with you what happened last month when pipes burst in a vacant apartment and flooded my office below. The severity of the damage and the stress that resulted taught me some important lessons I needed to learn as a leader.             In addition to failing to fully assess the extent and severity of the situation, I had made...

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I Failed, Then Learned Lessons

By on Jan 5, 2018 in Real Estate Investing | 14 comments

           Approximately three weeks ago, my law office, which rents space on the first floor of a mixed-use commercial building I own in another entity, was flooded when pipes in an overhead unit froze, broke and poured hundreds of gallons of water through the floors and ceilings from the second floor to the basement beneath my office. In the weeks since, I have...

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Defalcations Are Coming

By on Dec 5, 2017 in Real Estate Investing | 3 comments

            I must confess that my mind works in some weird and mysterious ways. While driving home from a productive business meeting, my mind went over various scenarios that real estate investors shared with me as to how they are double closing certain types of real estate transactions. In reading between the lines, I suspect there is a growing number of title...

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