Sold a ranch (relinquished property) which was mixed-use (primary & business). We are trying to find information on how to identify if a replacement property will quality as a mixed use 1031. An example would be a...
Hello Everyone,So I just lost out on a great 3 family because I couldn't make a 1031 exchange work with the sale of one of my existing rental properties in time. It made me think of other creative ways to potentially...
I am building a house this year. If I build a basement apartment, can I write off a portion of the expenses it took to build the house when I go to do my taxes for 2024?
Hello everyone, how much do you set aside for repairs each month when analyzing a property?
The property has not be bought yet, has not been seen in person, the property is just listed on a website.
This
questio...
Hi all! I wonder what kind of meetings are needed to run a successful agency, how much do you spend in meetings and how you allocate days of the week to run different type of meetings. I am curious if people, for ins...
Title: Part rental: Mortgage interest+Property tax distribution between 1040-Schedule-A and Schedule E
I was doing a review of at my past tax returns which I have a tax firm file. For my part-owner-occupied-rental ...
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Suppose you have an LLC that has as it purpose to own a vacation property, where one member is the main investor and one member is the main user and partial investor? The "user" member will both rent out the property ...
Alright guys so here's a hypothetical (and it is an actual hypothetical right now as I haven't gotten a raise yet); let's say that someone is currently making below the income limits for a housing program and will be ...
I am curious about how others are structuring their portfolios. Specifically, how much of your total portfolio/net worth is allocated to real estate?