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Results (10,000+)
Ilina Shrestha First time investor- lost & confused
28 January 2025 | 6 replies
If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.
Anthony Chan Sold my rental condominium (~15 years in service) - DO I NEED FORM 3115 ?
7 February 2025 | 5 replies
Prices will certainly vary between different tax firms.
James Thompson Transfer of property
4 February 2025 | 3 replies
@James Thompson Transferring property from your in-laws to you can be done through a gift, sale, or trust transfer, each with different tax implications.
John Chapman Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
Since my adjusted basis is about 50K, am I going to have a $250K gain on my income taxes this year?
Tina Wells Valuing Basement Square Footage in Comps
26 January 2025 | 5 replies
Typically, the adjustments I see on appraisals for basements are more flat rate adjustments. 10k is usually the number I've seen.What stinks is that there are a couple of model types that have below grade space where the builder, I'm sure, was trying to lower the taxes by having it below grade so the county wouldn't count that space in the assessment.
Tiana Lazard My home is officially cash flowing!
12 February 2025 | 13 replies
Make sure to plan for the added rental income/ordinary expenses on your tax return. 
Don M. First time with new construction: Cape Coral, FL
5 February 2025 | 205 replies
While we don’t have state income tax here we do have the hurricane tax that comes with high insurance premiums and little real insurance benefits/help when it’s needed.
Tim Tafel How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.Exactly, most platforms have to offset cost somewhere because of how expensive it is to keep the data up to date.
Anthony Pitruzzello Buying a property with my daughter. Best financial arrangement?
10 February 2025 | 6 replies
Definitely a question for a tax attorney/accountant, especially with the dollar amounts involved.