Hello everyone,I’m in Wilmington, NC and I’d like to know what would be my long term capital gain tax on a rental property that I own for 3 years, assuming that my household gross annual income is $82,000. In my parti...

So I am military, originally out of CA so it's my "home state"/residency but very easy for me to change as I am stationed out of CA and have been for a long time.I own several properties in CA and one in WA. I had a c...

For those experienced in purchasing tax liens, I am interested in making a definitive thread that defines that steps to take to prepare for and purchase tax liens.

In my state the sales are in August, in June our sta...

Hey everyone! First time posting... I'm looking to buy a duplex as my first deal. I'm lucky to have my dad as a partner but he does not live in America. The deal is a seller finance duplex, already has tenants and cas...

Good Morning, I'm a part time Realtor trying to get into wholesaling (I have another full time job). I have my first property under contract, and have a buyer for it. I created a quick llc and would like to sell thi...

I did see several LLC threads...very helpful. I want to go back to the attorney knowing more details from experienced real estate investors. I do have LLC’s and one is holding real estate with my father so some experi...

I had some friends help demo a property and I paid them cash (around $1,000 total). Is this something I am able to write off? Would I need to issue a 1099 for this? Not sure how this works and would appreciate the adv...

Here is my situation:I bought an investment property and improved it.  All-in for $200k cash.  I refinanced it and have a mortgage on the property for $450k.  I'm planning on selling it now and it should sell for abou...

My husband and i (through our LLC) are under contract on a Beachfront lot in the pan handle of Florida. Plan is to build two townhomes connected to one another. We’re thinking about selling one immediately after build...

Hi All,To all you accountants out there - My understanding of the implications are basically as follows;From the buyers side, they avoid some of the costs (e.g. conveyance) as there are just legals. Still need to do a...