real estate investors

The government just spent $700 Bill of your money and I’m not sure you’re even going to get a Thank You card. But this is what you ARE going to get under the new bailout provisions.

There are four sections to this insider’s scoop provided by Aaron VanTrojen at Geneva Financial, LLC. (1) $700 Billion Bailout (2) Homeowner Benefits (3) Guideline Changes (4) Death of the Option Arm.

$700 BILLION BAILOUT

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The IRS has clearly struck pay dirt in their audits of real estate professionals (at least as far as the IRS is concerned), and so far it looks like the courts are upholding their audit findings.

If you have a loss with your real estate investments, you can take a loss of up to $25,000 against your income, provided your income is less than $100,000. If your income is more than $150,000, you can’t take any loss. Between $100,000 and $150,000 the loss amount phases out. That is, unless you are a real estate professional.

It’s probably the biggest understatement of the year to say that real estate has been hard hit this year. Some investors got out at the right time and others had enough cash to carry them through the tough time. Those are the people who are jumping back into the market with both feet.

Others didn’t have it quite so well and are trying to find ways to recover or maintain.