Keith N.
Bought my first Property! A Duplex in North Raleigh
9 April 2020 | 47 replies
I would classify this area as a "B" area.
Jonathan G.
Davit Gharibyan
HUD Owned Property
28 January 2016 | 10 replies
I would not classify HUD as an auction process.
Raymond Lawton
1031 Exchange With Relative
26 January 2018 | 7 replies
A sharp auditor would likely classify it as a step transaction and then disqualify the 1031 Exchange.
Greg DuPan
Selling flip in Ohio advice needed
21 March 2016 | 14 replies
Specifically, if you are classified as a dealer, it’s just like running a retail store: The IRS considers your profits to be ordinary income, rather than investment profits.
Stephen Bagnani
Is it possible to just buy a few acres and slap 7 tiny houses on
8 February 2017 | 30 replies
These are glorified RVs and for the most part the owners do not last long in them.You can not get financing, they do not pass any existing building codes, can not be classified like a conventional home, are not permitted in most RV parks and not legal in MHCs and for what you get highly over priced.
Cristy George
Tax Collection on VRBO-Destin Florida
8 May 2023 | 12 replies
Is the house just classified as a long term rental for taxes purposes despite the mixed use?
Ida Saidkariev
1st buy, and not so sure if I should just go for it
14 August 2017 | 46 replies
So now we get a closer look at the property from 1000 ft above (sorry I'm a pilot). 1st thing we discover is that it is mis-classified as a duplex when it really is a 4 plex.
Isaiah Tademy
Real Estate Professional Status & Taking Losses Against Full Time Income
19 October 2023 | 13 replies
In order to claim depreciation losses from rental properties against your other income, the properties must meet the IRS's definition of passive income or be classified as a real estate professional.
Tim VandenToorn
Anyone else excited about the Grand Rapids market like I am?
31 July 2015 | 18 replies
I get Detroit because Automotive industryAlso what classifies a D property in Grand Rapids?