This is for the bay area, and here's what I am hoping to do - buy a fixer upper for 900k - Cost seg - write off (675k)- Spend 200k in improvements- 30k in furnishingsHow does the 200k in improvements play in taxes? Ca...
I've been looking to invest in upstate NY in areas such as Rhinebeck, Catskill, Hudson, Newburgh, Saugerties, and Kerhonkson. I know Woodstock and Olivebridge are very restrictive but am wondering which towns don't ha...
BRRRR is often used as a rental income building strategy… I’m wondering, why couldn’t another R be added to adapt it for flipping?Buy, Rehab, Rent, Refinance, Re-Sell, and RepeatThe idea being: you buy the property an...
I have been flirting with the idea getting totally involved in real estate for some time. I am at the point now to jump in the deep end, both feet.I am looking to flip propoerties working toward buy and hold for incom...
Hi,Looking to get some insights from the experts.As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.Now an average time for us from l...
Looking for a CPA who has experience with apartments & potentially knows how to work with Canada Revenue. Recommendations are appreciated. General info:
-We have a 20unit apartment located in Texas
-Our LLC is...
Hello! About to create an LLC and purchase my first STR - curious what banks people use?Per Avery Carl's book "Short Term Rental, Long Term Wealth," I plan to set up the following bank accounts:Set Up Revenue Bank Acc...
I have a dilema i have 2 Rentals they are Residential ALFs ( single family Homes zoned with city as RALF and operating for 15 plus years as such operators get $300K revenue yearly each Home , I have a 3 year lease wi...
I have a dilema i have 2 Rentals they are Residential ALFs ( single family Homes zoned with city as RALF and operating for 15 plus years as such operators get $300K revenue yearly each Home , I have a 3 year lease w...
I'm currently looking for some tax guidance on a short term rental property I co-own with my parents (50/50). We had a property management company running it for a few years, but we got rid of them this year and my wi...