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...
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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...
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...
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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.?
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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...
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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...
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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...
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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...
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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....
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...