Feel free to reach out to us for assistance.Serving real estate investors and residents since 1978

Please also feel free to bring an investment, personal financial dilemma, or strategy question, and I am happy to discuss it with you... for entertainment purposes only.

My other question is can you please explain how to remove the building and depreciation reported under the individual tax return when transferring the property to be recorded under the partnership return?

Feel free to reach out I enjoy helping and talking REI!

Thanks ahead of time and feel free to post any questions and I'll do my best to answer them.   

Or one of my favorites... the tenant reports the roof is leaking.

🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes) 📊:🏡 Mortgage Rates:30-year conventional rate today is 7.25%30-year VA rate today is 6.65% 💰 Median Sales Price:February: $460,000March: $475,000April: $476,000📈 New Listings:February: 1,669March: 1,845April: 1,914📅 Median Days on Market Until Sale:February: 21March: 16April: 13Some fun facts!

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The report goes directly to you.If it matches the application, rent to them. 

Depending on how you set it up, it won't reduce your earned income, but there may be benefits to making the rent itself tax-free for many years or at least reduced (assuming you never recapture depreciation).