15 October 2024 | 6 replies
Does this also mean “selling” the property to the LLC and paying capital gains tax?
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3 October 2024 | 5 replies
I'm Ivan Coelho, a new investor based in Miami, FL, and I'm excited to connect with fellow investors who are interested in exploring collaborative deals in our vibrant city.Currently, I'm house hacking a 4/3 single-family property in the Miami Dade area.
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17 October 2024 | 4 replies
It almost reads as if you are buying a house and you haven’t closed on the house you are planning to resale. is this the case?
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15 October 2024 | 2 replies
One contractor claims he can finish the job in a day with three workers, while others estimate it will take a week.I'm not sure how to proceed with this situation.
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15 October 2024 | 4 replies
I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property.
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15 October 2024 | 3 replies
Hopefully a tax expert can weigh in on this topic, as that's who should be answering your questions.
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15 October 2024 | 2 replies
The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.
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7 October 2024 | 8 replies
Just at this one location. 5 more locations to do this at.- Autopay- started with 100% Autopay only at our two new locations.
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15 October 2024 | 6 replies
Just wanted thoughts and opinions on this property & deal.
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16 October 2024 | 2 replies
This question kind of misses the mark.