Hello, newer real estate investor from Oakland, CA. I bought a triplex in Oakland at the end of last year and recently got a letter from the City saying that I had to pay taxes on my Net rental income.Does anyone who...
Hi Everyone! I am currently in the northern VA area about to put my first rental property on the market. I am searching for some guidance from more experienced people who have gone through this process already.
Here...
what type of corporation should I file for, LLC or S-Corp? I am just starting off in the flipping area.
Hey all,First post, and I apologize in advance if I come off as a complete newbie, but I am so, here we go... I am about to embark on a mid-career shift to Multi Family real estate investing. Learing everything I can,...
Both house and senate wanted that EXCLUSION OF GAIN FROM SALE OF A PRINCIPAL RESIDENCE (section 121 exclusion) to be modified to at least 5 out of 8 years instead of current 2 out of 5 years, In version that passed ho...
I have a house that I lived in as primary residence. Then I had to move out of state for work, so I turned that property to a rental. Now if I do a 1031 exchange, will the next house need to be a rental or primary res...
Hi all! My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there h...
Hey there! As a CPA and former tax accountant, I wanted to share some tips with you on how to make the most of your real estate investments this tax season. There are a few key benefits you should know about that can ...
Hi all,
I'm Andrew Stroud, although I go by Drew, from Lodi, California - a small town just north of Stockton and 30 minutes south of Sacramento.
I'm a CPA by day. I enjoy my job and helping folks get ...
I wanted to find deals that I can purchase subject to but I was wondering if I am able to depreciate the house purchased this way?