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29 October 2024 | 5 replies
With six children, it seems that the others would probably have known and reported.With first-hand experience of an overzealous medical professional, I'd wait to see if the charges are valid.
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22 October 2024 | 7 replies
Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?
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29 October 2024 | 21 replies
Whenever making an investment decision, please consult with your tax attorney or financial professional.
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30 October 2024 | 9 replies
I never read the book you referenced but at least it appears the book is written by a tax professional which is a good start.
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28 October 2024 | 5 replies
@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.
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28 October 2024 | 3 replies
If you choose this route, make sure to have clear, written agreements in place and maintain a professional landlord-tenant relationship.
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28 October 2024 | 4 replies
My spouse is trying to meet real estate professional status with the goal of offsetting my W2 income tax.
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27 October 2024 | 8 replies
W-2, 1099, etc.) with passive income/loss from rentals is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Once you have clarity on whether or not you can offset non-passive income with rental losses you can then explore cost seg to accelerate depreciation (and some of the accelerated depreciation from cost seg will impact year 1)...
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2 November 2024 | 28 replies
I appreciate the feedbackThere are a lot of experienced investors and professionals here you can learn from.
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28 October 2024 | 5 replies
Fortunately, we did not sustain any damage or flooding from the storm.It's great to connect with a design and architecture professional in Sarasota.