Hi folks,I'm working on a Flip (my 1st property) with a JV Partner in Albuquerque, NM.  I'm having a discussion with my accountant at the moment about sales tax.  He's my personal accountant who I'm trying to convert ...

I bought a house during last years tax sale in ALABAMA that was owned by a mortgage/debt company. I took possession of it after I got the tax certificate and have paid this years taxes.I also sent the mortgage company...

Greetings!  My wife and I have 2 Single Family Homes in an LLC with another couple.  We've had it for 9 going on 10 years now and have taken an owner draw one time in the history of the company (maybe 2 times) for les...

I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...

10 years as a Realtor and there is still so much to learn! As a member of my local Economic Development Council, I recently started learning about Opportunity Zones. It was a little hard to grasp at first, but after a...

Background: a couple years ago my brother had his wedding rehearsal dinner at a winery near my mom's house. We only knew about it because a friend of the family lived on the same road as the winery since the current o...

When people buy rehab and refinance a partially occupied MFH, do you refinance immediately after you rehab the exterior and the vacant units and rent it out? Or do you rehab all units, vacant or occupied (when their l...

As a new landlord, I wanted to ask the veterans on tax deductions for expenses I incur on the rental property.things like: Bathroom Remodeling expenses made by me.. (or by contractor), plumbing expenses for unclogging...

Hi all! 
I'm getting ready to sell a SFR and a 3-plex; the sfr I've owned for over 10 years, the 3-plex about four. I plan on speaking to my accountant to determine if a 1031 is advantageous to start with. Assuming t...