My husband and I are thinking about OOS investing and we read that it is good to have a CPA with real estate investment knowledge for tax purposes. Our current CPA is kind of clueless about real estate tax implication...
Hello i have just won a bid auction online from a bank owned property and will receive a special warranty deed i have never bought bank owned property before so my question is. Since the people living in there home de...
Hello new members,I'm currently pursuing an MBA and have yet to chose a specialization for this degree. My undergraduate degree is a BS in health science with pre-physical therapy emphasis. After 150+ hours of shado...
A friend of mine has somewhat of an interesting situation. They got a special loan from a state economic development body that outlines a loan for owner occupied duplexes. He got this special loan with a fixed rate ...
Hello All,
This is my first question to the community and I will try to keep it brief. I have been a fan of this site/ the podcasts for years. Three years ago I decided to transition into real estate from my career a...
Hi y'all! Was wondering your opinion if you would buy a rundown condo that is renting for $2600/mo and selling for $315k with $440/mo HOA. The place looks so rundown and decrepit and the tenants are low-income. Wha...
I own a small business, so I already have a tax guy. Now I'm buying real estate investments to rent out to tenants, and I've read that you really should get a CPA who specializes in Real Estate.How does this work? Do ...
It’s extremely important in any business to ensure you are maximizing your tax deductions. Real estate investing comes with A LOT of potential tax deductions and credits to take advantage of. Here are some tips on how...
Hey guys! I have 2 questions:
1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...