Justin Demember
Tax implications on new rental duplex
A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no ...
Dave Olverson
Where Should Your CPA Be (Out of State Investing)?
When you are looking for a CPA or other tax professional to prepare your taxes for you, naturally you want someone who is well-versed in real estate investing.
However, if I am investing out of state, should ...
Ling Tong
2505 11th St Galena Park
2505 11th St, Galena Park, TX 77547Investment Info:
Single-family residence fix & flip investment.
Purchase price: $106,000
Cash invested: $43,000
Fix & Flip, Sell and cash out
What made...
Samuel Sedore
The ideal multi-family investing customer
Hey BP, I'am in the process of trying to put together some market research on Multi-family investors mainly 2-10 units. If everyone could chime in and give some answers it would be great, I would be happy to share my ...
Josh July
Tax Audits; ARE THEY TAX DEDUCTIBLE?
I have a quick question on tax deductions. Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited...
Paul H.
Preparing for a HELOC appraisal.
Hello BP!,We are looking for some advice on how to get the best appraisal possible on our home when being appraised for a HELOC. (We just don't want to miss anything that can help us get value)Right now the last thin...
Ted Klein
Tenant Requested Improvements
I have an elderly tenant that has requested to have a walk in 4 piece shower kit installed and is willing to pay for the improvements. The unit has just had a remodel and is in new condition so it is just a matter of ...
Florence Sullivan
WealthAbility Team as tax strategist - Worth It?
Has anyone used WealthAbility? Worth the money? Did you get good advice? Thoughts? Any other tax strategist referral?
Ed O.
Section 8 / IRS / Shady accountant?
I have another odd situation on my hands.
I need all responders to start by making one assumption - the story I have been told is true. Yes, I totally realize this may not be the case, but I'm trying to understand ...
Christina Martinez
Tenant Paid Late and Different Amount
I have a rental that is rented with signed lease for 1,300 a month the new tenant who just moved in last month, this month decides he only is going to pay $1200 because he says he didn't do an final walk thru prior to...