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Results (1694)
Peter Pitrone 1031 opinion on selling a multi family for 2 condos
19 August 2019 | 3 replies

I have a 3- family home i live in one apt and rent out the other two  I want to sell and buy two condos for myself 
I’ve owned it for 34 years and spent on improving it over those years to the total sum of 200 thousa...

Matt Mach Closing on first flip, now what??
30 November 2016 | 4 replies

Just got word that the buyer for my first flip was approved by the bank and we'll be closing 12/9. I created a solo LLC that is owner of the house (may have just been a waste of money) but I was sure to try to keep al...

Account Closed Bartering parking space for free rent - tax implications
3 October 2019 | 17 replies

I current rent an apartment in San Francisco for $2130 and have a garage parking space for which I pay $0, as stated in my lease. My landlord wants to turn the garage into ADUs.  First he offered us (each tenant) $10...

Sam T. Tax benefits of renting half of my primary residence
15 June 2018 | 4 replies

If I were to buy a 2 bed condo to live in and rent out the other room, would I get the tax benefits of it being a rental? Specifically, would I get to claim depreciation, write off the HOA fee, etc.?

Javier Campanini Looking for CPA Recommendation in Jacksonville
19 June 2020 | 3 replies

Does anyone have a good recommendation for a CPA/tax-preparer? I'm working with a partner, and we're up to 5 houses. I'd like to get some professional input on how we've been doing things, see if there's mistakes to f...

Dan P. Analyze My Deal - think I already know the answer!
7 April 2016 | 6 replies

Hey Everyone,I am a residential mortgage lender taking my first dive into real estate investing. My main focus is cash flow to grow long-term passive income. I have always wanted to buy a 4-plex as my first investment...

Daniel L. Wholesaling Entity P&L, COGS vs Operating Expenses?
21 August 2013 | 7 replies

I’m ignorant when it comes to accounting…Does anyone have a P&L template that’s best for a strictly wholesaling entity to present to third parties accustomed to reading P&L statements? I see the P&L te...

Jack Dephillipo Househacking - Tax Suggestions?
21 January 2022 | 3 replies

Hi all, I will be buying a duplex and living in one side, and renting out the other to cover the mortgage. What type of tax writeoffs can I utilize if I'm getting a 30-year conventional primary loan?  I also plan on r...

Kerry Baird Veteran here - I attribute much of my success to my service
11 November 2023 | 2 replies

Happy Veterans Day to my fellow brothers and sisters in arms!  I learned so many skills in my military service that I currently apply to my real estate business.  We learned discipline and to be bold in taking action....

John Reed Taxable Solo 401k RE events
10 February 2019 | 4 replies

Saw on another blog references to " some real estate transactions can trigger the need for a 401k to file a tax return and pat taxes".Looking to use my solo401k to invest in real estate but want to avoid making a mist...