So a piece of property in terms of capital or ordinary treatment, relies heavily on the items intended use in the taxpayer's hand.It can turn an otherwise capital gain into an ordinary one. It may even disallow previo...
We are purchasing a fourplex and a lot for 400,000 in Oregon. Our accountant had the great idea to separate the plex and lot, and to purchase the lot for 150,000, holding it in our profit sharing account. So the pri...
Hey everyone! Just closing on my HELOC today and naturally I have diving deep into the market looking for my first BRRRR house. I came across a small home in a prime location listed for a good price that needs obviou...
Hi guys, I am new here.
I haven't started investing in real estate yet, but I plan on doing so as soon as I turn 18. I was just wondering would I be marked as a 'dealer' by the IRS if I was to buy distressed propert...
Getting conflicting information on this subject. Both husband & wife on W2 income w/ one rental property.Does creating a LLC help with a lowered tax rate for the rental income? Very sparse information on this subj...
I'm a digital marketer: Impressive resume/ but I feel like an idiot when I'm talking to real estate professionals.There is a lot of industry knowledge to try and wrap my head around.Right now I am developing inbound m...
Hey all,I'm looking to house hack a single-family house/condo in the Austin, TX area however I learned that the city just approved a new homeless shelter to be built very close to where I was looking to buy. Does anyo...
Does anyone have an actual (net after-tax) return breakdown from a multifamily syndication that they have participated in as a Limited Partner?
I'm particularly interested in Limited Partners who would not benefit fr...
Hi everyone,Newbie, first transaction, under 25k rental in Dayton OH, minor repairs needed.Property was built in 1915. I was told by the inspector that because of its age, I should assume it has lead paint.As the pro...
Looking for some advice on which route to take to get my taxes done this year. In the past I had only W2 income and a single member LLC for drone video production, so using an online tax software has worked well for ...