Gregory Saysset
Should I use a CPA for my tax if i just bought my first rental property
I bought my first rental property about 4 months ago, it is out of state and has been renting for one month. I usually file my taxes on my own but, should I now have a CPA do my taxes, or with only one property can I ...
Eduardo Sagues
Real Estate Professional Benefits
Hi, I'm buying a rental property in GA with a partner 50/50. Both names on the title. My wife can qualify as a real estate professional. She will not be on the title but we file jointly. Is there any issue when using ...
Ward Conville
Full Time Real Estate Professional Status
Any idea of carry over passive real estate losses can be claimed when you declare full time real estate professional status. We are looking at filing this designation for my wife who handles the bulk of our accoun...
Justin Otero
Househacking and filing taxes
If you’re house hacking(living in a room, renting out the others), how best should you think about treating your property and rental income/expenses in relationship to your taxes?
* My tax preparer is not knowledgeab...
Michael Smith
Delinquent tax list file question
Hi, I live on Orange County Texas and am just starting to get into the real estate/ rentals/wholesaling business. I went to our local tax office and got the delinquent tax list for my county which they gave on a CD. T...
Tinia James
Made no profit this year should I still file taxes?
I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “.
Dennis Gallof
Setup LLC within the same state as condo or my home state?
I have an LLC for my side business and I know the benefits of having one like protecting / keeping my personal assets separated, being able to write-off any expenses, etc.; however, I'm wondering if it would be better...
Account Closed
Appointing an "acting-landlord"...tenants refuse to acknowledge
I'm a landlord of a multi-unit property and all of my leases are between myself and the tenants. However, im moving out of state soon and have a friend willing to take care of rent collection, evictions, and everythin...
John Underwood
Corporate transparency act blocked nationwide
Procrastination can pay off. This was on my to do list.See article below:Corporate Transparency Act Blocked Nationwide by Texas Court
Daria B.
road easement into occupied homes not owned by owner of easement
Subject describes it all.What is the value or purpose of someone holding onto a "road" that has occupied properties (in this case all 15 SFR).The road is owned by persons from an original owner since passed on. The ho...