Hello everyone, I have a question regarding taxes on a flip as I am prepping the books. My partners and I purchased a property late 2023 and finished the renovation and sold the property in March of 2024. After all ex...
Disclaimer: I am not a
tax professional, so it's always best to consult a tax advisor for your
specific situation.
Investing in real
estate can bring about a lot of financial benefits, but it can also have a
ma...
Hello all! Do you count social security and disability as income to calculate 3X gross of the rent? Seems like it would be a constant and reliable monthly source of income, but I have never come across this.
I presently own a rental property in my Roth Self Directed IRA. Can I move it to my Traditional Self Directed IRA and hold the property there?
Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
- Any advice?
Hello!
I currently live in Michigan and am looking at moving out of state. I would like to keep my current residence and rent it out. Is anyone familiar with how the taxes work on that? Obviously my taxes are homeste...
I have a short term rental that I did a cost segregation on and am taking accelerated bonus depreciation. I live in OR but my rental is in AZ. My issue is AZ is a non-conforming (does not recognize the bonus). If I...
As a passive investor in an apartment syndication, you receive distributions along the way, then a larger chunk if/when the property sells or is refinanced.These payouts to the investor are typically deemed either "Re...
Hi!I'm putting together a sizeable project, and I'm preparing a budgeting and projecting cash flows. The math seems to fall a little short of what I'd expect, and I'd love for someone to pick it apart or give me some ...