Hi everyone! I'd love some advice here.I currently live in a large 4 bedroom, 3.5 bath home in Oakland, California. A conservative estimate of it's current value is $900,000 with about a $600,000 loan remaining. Ye...
I'm using an FHA loan to acquire a duplex. I'm a few days from closing and when the title company sent out the settlement sheet with the security deposits and prorated rents as a credit to me from the seller my bank w...
For people who are on a W2 what would be the best way to negate W2 income (including stocks?)? Is this possible with long term multi family real estate?
I recently sold a rental property and would like to invest the cash into another rental property that I currently own. I'm treating this investment essentially like a bond (safe, simi-low return, etc). From what I ca...
Hi all:
I've come across a deal on an old, 20-unit Sec 8 building being sold at a 19% CAP rate according to listed numbers. Seems suspiciously rosy, but until I can figure out what's wrong with it I'm drawn...
As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...
What would you do to help reducing your taxes with your rental property income ? we have more income from our rental homes this year which is a good thing but other hand we will pay more taxes next year. Any thought. ?
Hi all, I'm a new owner of a multi family in Cleveland and am wondering how you all go about lawn maintenance. I've heard that the city if Cleveland has hefty fines for lawns that are overgrown. I'm thinking of reduci...
Hey there,I am looking at a Tax Deed sale and there is a lien (one of many) on it from a debt collection agency. I've begun to work with the county and municipalities to work on reducing the amount ill need to pay, bu...
Low occupancy can be the most damaging obstacle property owners can face in their properties given for lease. Having many vacant units or units with few tenants can profoundly impact the cash flow plan, ability to cov...