Tips from T-ReX

Blog by T-ReX Global
Fremont, California

T-ReX creates simple Web Tools for real estate investors to save them TIME and MONEY

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RE: What Kind of Phone Call do I want to Get?
Thanks for the comment :) I'm happy you enjoyed t...
RE: What Kind of Phone Call do I want to Get?
Great post.  Great example of relationship bu...
RE: What You Might Not Know About Gas...
Hey David, how much does gas cost down south? I...
RE: What You Might Not Know About Gas...
I have heard this previously and it has been recom...
RE: What You Might Not Know About Gas...
Thank you for the great tips.  I had no idea!...

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Tips from T-ReX

2008

Can I deduct Life or Health Insurance Payments on my Taxes?

Aug. 13, 2008
Categorized in: TaxTips
Starred by: 1 Member
If you own rental property, you may be able to deduct life and health insurance payments on your taxes. Depending on how you structure your rental business, you may be able to cover your life and medical insurance as part of the rental business...

Double Business by Converting Web Visitors into Leads - the Service we showcased at Inman

Jul. 28, 2008
Categorized in: Real Estate Professionals
Starred by: 1 Member
I'd like to take this opportunity to introduce the service we shared at Inman. My company (TReXGlobal.com) has a FREE Real Estate Partner Program to help you double your business by co-branding our free web tools for investors.

No Loss Limits? Unlimited Tax Deduction?

Jul. 10, 2008
Categorized in: TaxTips
Starred by: 1 Member
Real estate professionals can claim unlimited investment property losses against their AGI regardless of how much they or their spouse earns. People at high income brackets can't...

What Kind of Phone Call do I want to Get?

Jul. 8, 2008
Categorized in: Real Estate Professionals
Starred by: 2 Members
It's important to let your clients know that they are more than just your commission - and it's even more important to be genuine.

How to Unlimit your Losses

Jul. 8, 2008
Categorized in: Real Estate Professionals
Starred by: 1 Member
Here's the technicality: material participation in a passive activity (like owning rental property) results in non-passive treatment of the income

How Can Standard be Better?

Jul. 3, 2008
Categorized in: TaxTips
Starred by: 1 Member
You can deduct vehicle costs on your taxes using actual vehicle expenses or the standard mileage rate. The STANDARD RATE may be more beneficial for individuals who have a lot of mileage and low vehicle costs. Using the ACTUAL EXPENSE method is only better

To Gift, or Not to Gift... That is the Question....

Jun. 25, 2008
Categorized in: TaxTips
Starred by: 1 Member
Generally, an item that is considered a gift is also considered to be an entertainment expense. If you give an item that is intended to be used at a later date (like tickets to a performance or event), it is usually considered a gift. Sometimes yo

I'm Selling My House to Myself!!!

Jun. 18, 2008
Categorized in: TaxTips
Starred by: 1 Member
Selling property to your own S-Corporation can be beneficial in TWO specific situations. By Selling to your own S-Corp, you can take advantage of the 2 year exclusion and the new basis on the appreciated property.

Pay Your Spouse to do Your Work

Jun. 9, 2008
Categorized in: TaxTips
Starred by: 1 Member
If you paint your rental property or install a lock using your own labor instead of hiring a painter or a locksmith, you cannot deduct any expenses for labor. But if you hire a non-owner (like your child or possibly your spouse), the costs are deductible

How to Deal with a Casualty

May. 22, 2008
Categorized in: TaxTips
Starred by: 1 Member
Losses incurred because of a casualty, disaster, or theft can be tax-deductible.

Take a Vacation and Write it off!!!

May. 16, 2008
Categorized in: TaxTips
Starred by: 1 Member
Summer is coming around, I'm starting to plan my next vacation... ...and I am going to share a little secret. You might have tried all the tricks in the book, but I'm sure you haven't tried making your VACATION TAX DEDUCTIBLE.

TaxTip about Points Paid by the Buyer

May. 9, 2008
Categorized in: TaxTips
Starred by: 1 Member
In this blog, I am focusing particularly on what to do when the Points are Paid by the Buyer. For Points Pre-Paid by the Seller, read my previous blog...

TaxTip about Seller-Paid Points

May. 8, 2008
Categorized in: TaxTips
Starred by: 1 Member
In this blog, I am focusing particularly on what to do when the Points are Pre-Paid by the SELLER during a property SALE.

TaxTip about Saving Money Using Your Home Office Deduction

May. 7, 2008
Categorized in: TaxTips
Starred by: 1 Member
If you used a portion of your home exclusively and on a regular basis as your principal place of business, then the expenses for your home office are considered deductible.

TaxTip about Giving Gifts to Your Clients

Apr. 24, 2008
Categorized in: TaxTips
Starred by: 1 Member
tax tips, real estate professionals

Go Out of Your Way to Respond to People who Comment!

Apr. 16, 2008
Categorized in: Real Estate Professionals
Tagged with: tips
Starred by: 1 Member
Respond to people who comment on your blog

TaxTips about Paying Your Kids and Using IRAs

Apr. 14, 2008
Categorized in: TaxTips
Starred by: 1 Member
Pay your kids to do some of your work (like on properties you own), and put the money in IRA accounts for them.

TaxTip about StartUp Expenses that you can Deduct

Apr. 11, 2008
Categorized in: TaxTips
Tagged with: startup expenses, tax tips
Starred by: 1 Member
startup expense tax tip for real estate professionals

What You Might Not Know About Gas...

Apr. 9, 2008
Categorized in: Real Estate Professionals
Tagged with: tips
Starred by: 1 Member
tips that everyone can use

We have Black, and we have White. Now GET OUT OF MY FACE!

Apr. 7, 2008
Categorized in: Real Estate Professionals
Tagged with: marketing tips
Starred by: 1 Member
I looked through over 100 Realtor websites today (I'll explain why later), and noticed that I kept seeing the same thing over and over...
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