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16 March 2022 | 13 replies
I have some questions on a few transactions and I am looking to get some advice on the tax treatment (willing to pay for their time).
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14 September 2018 | 1 reply
But then again, I’m not offering you a bond nor treatment. :)
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17 November 2018 | 4 replies
Not to mention the tax treatment.
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15 September 2018 | 7 replies
Someone who examine your facts and circumstances and advise you on tax entity structuring and treatment of payments/expenses.If the washing business is a disregarded entity, there would be no deduction as you're just moving money "from one pocket to the other".If an S Corp or C Corp, possibly, but then we'd have to look at: is the payment reasonable, ordinary and necessary.
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1 November 2018 | 40 replies
I have not looked into this in depth as I don't have anything that would qualify for this tax treatment.
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21 September 2018 | 4 replies
If rodents are seen closer to the unit, then you'd have to have the area clean of debris anyway before further treatment could be performed.
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5 October 2018 | 4 replies
DSTs were formally recognized for 1031 treatment in Rev proc 2004-86.
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9 November 2019 | 5 replies
Having strong involvement in the addiction community is crucial to building trust among addicts, house managers, counselors, neighbors and treatment centers.
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6 August 2018 | 9 replies
It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.
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14 August 2018 | 15 replies
@Chris Watson Thanks for the visuals - helpful.