Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...

Good morning everyone! I want to start by saying thank you to this amazing community! I really hope we can get some advice on our tax situation.In 2020, we only had 1 rental at the time, but an investor in the area wa...

Hi! Currently about to close on a multi unit at 228K.  Profits will be at around $100K.  Would like some feedback/opinions on what strategy to go with next and pros and cons of 1031 exchange.PROS:we won't be paying th...

Can anyone shed light on how the proposed Trump tax reform would affect property depreciation.  Could this tax reform  retroactively take away the tax benefits for 2017?

I'm looking for an exit strategy , if I did decide to use my heloc to purchase the property cash any thoughts or suggestion on an exit strategy. or maybe something you did, My long term goal is always cash flow. Thoug...

Hi,My rental property was having water issues, so I had sump pumps and french drains installed in order to mitigate and control the water. Is this considered an improvement or a repair in order to fix a problem my pro...

Can I claim 100% bonus depreciation for tax year 2018 on a new air conditioner for a residential rental property?

I am selling a SFR Rental that I have had for 10years. Bought it for 200K, can sell it for 250K. I am buying a Mobile Home Park For 155K. I would like to transfer the SFR into a LLC before I sell it. Then when I buy t...

Investment Info:

Other commercial investment investment in New Richmond.

Purchase price: $425,000

Value add self storage facility with 65 units. This was our first time getting into a self storage deal, ...

What are the positives and negatives of a 203k loan?