Hi everyone, in April 2020 we purchased a 4-unit property in Los Angeles where the seller financed a 2nd mortgage. The seller stayed in the property as our tenant after close. We are attempting to pay off the 2nd, whi...

First of all, thank you 🙏 much for your time in advance helping me understand the tax implications for multifamily syndication deals. I would like to be informed as much as possible so I could answer any questions for...

Hi Everyone,I apologize if this is a dumb question, but please enlighten me if you'd be so kind. Why wouldn't I hire a Property Manager if that is a Tax Deductible expense? Why would I do the work myself if the cost o...

My offer was accepted on a duplex but I am not understanding how my mortgage lender ended up with the loan amount. Here are the figures. If there is other info you need, please let me know.- Sale price 90,100 (The sel...

My CPA retired in 2021. I am doing my own taxes for the first time in years with Turbo Tax program for 2022. I have multiple properties & small side business of less then $5000 a year. I have gone through the prog...

I am looking at doing a SDIRALLC on 100 acres that has just come up for sale. It is all farmland and I would be getting about $15000.00 Rent a year from it which would be put back into the IRA. Who do I trust to set t...

I have a client needing to do a non QM loan due to some losses she had with a company she was an owner in, she recently sold an office building in Ca and  is 1031 it into 2 homes she has under contract in the phoenix ...

I think I have missed this aspect of 1031 exchanges.  Can anyone clarify for me?  Thanks - Here's my example.  I have a mortgaged rental property SFH.  The original sale price was $154,500.  I currently owe about $130...

So I bought a property using money from an old IRA. I didn't do the self directed since it was only $20K. The setup cost along with the yearly fee would be more than the 2k penalty for using the money. Here's my quest...

I dissolved an S Corp in 2015 but decided to reinstate it in 2017 for my real estate investments. Do I still need to pay the $800 fee to the Franchise Tax Board for my 2017 Taxes? I know the first year of a new S-corp...