Alright, the last part of the title was just a joke to get people to click on this post. The real reason for the post is to see if there are any of ya'll out there who buy or have bought salvage title vics.
Buying a...
Hello friends,I am looking into purchasing a park that seems to be a great value, public utilities, great metro. However, all of the park owned homes are conveyed without titles. Does that automatically make this a ba...
I'm a new investor looking to make my first venture into investing. I'm starting to rent rooms in my private home to start. I was researching deductions to offset my rental income. Section 179 is intriguing for vehi...
Hello all, I bought a new truck for my business last year and claimed the entire purchase price as section 179 depreciation. I have a separate car for personal use so I'm currently using the truck 100% for the busines...
Hi, my wife is expecting a K1 equity payout this year. Can we use our current investment propeties or purchase another investment property purchase to at least slightly offset the tax hit?
Asking for a friend? 🤫 Since he doesn’t have a CPA yet, he asked me to post here.
Where are my RE CPAs at?
How crazy is this idea? Could this work?
My friend works for a company that pays him an allowance for the u...
What are the pros and cons of vehicle expenses? Ive read there are two different ways to write off this expense. Actual expenses like car value depreciation plus insurance, gas, repairs, oil changes or the other opt...
This forum has been a great resource for learning thus far, thank you everyone for contributing.
My spouse and I are W2 employees and have a few investment properties but all of them are LTR. We are interested in mak...
I am a real estate agent that also has a W2 job. This year I closed on my primary residence where I acted as my own agent and earned a commission so I will have a 1099 from my brokerage at the end of the year. I am ge...
I have an old '98 Ford Escort that's just getting to the point that everything's going any time now. I could drop a bunch of money into that whole and watch it fly away, or get a new car. I decided on getting a new ca...