Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
@Kevin Parsley This would likely not be treated as a rental property since you are renting it out below fair rental price.Therefore, no reporting would be necessary - You would not be able to deduct the normal rental expenses and no loss would be allowed; it would be treated as a second home and the cost of the improvements/repairs would be added to the basis of the home.
Mark Rueda
1031 Exchanges & Mixed-Use Properties
15 November 2017 | 5 replies
@Stanley Parsley The LLC gain would flow to my personal return.
Edward Dones
Looking for someone to help me
3 December 2017 | 4 replies
@Stanley Parsley yes I agree on affordable housing and the house I bought is just that.
Will Bumgarner
Advice on pre Civil War property
15 November 2017 | 3 replies
@Stanley Parsley I was initially looking to make a cash profit off of this deal.
Roscoe Parsley
Competitive financing without being personally backed
29 December 2015 | 3 replies
Hi @Roscoe Parsley welcome to Bp
Tim Kane
Sell or Rent/HELOC in Washington D.C. Suburbs?
7 January 2018 | 14 replies
Stanley Parsley This is our primary home, but just as we did with our TH, once we decided we were going to rent it out, it became strictly business.
Terry Whitaker
New member moving to Jacksonville, NC
7 March 2017 | 10 replies
I've been working with @Thomas Parsley, and he's been great.
Bill F.
Creative Ways to Solve Sellers Problem
26 February 2017 | 16 replies
@Thomas Parsley I'd be interested to hear your thoughts on why SFR are a better option in the Jacksonville Market.
Pati Tanielu
Off market leads but I have no financing
11 April 2017 | 8 replies
Stanley Parsley Will do , In the process of getting financing thanks
Thomas Parsley
Phantom Bidding? Happening again?
25 March 2017 | 7 replies
@Thomas ParsleyIt is not uncommon.