Here are the top five things that, in my opinion Investors do wrong on rental rehabs, and why I believe they are costing themselves more money in the long run. What would you add to this list? #1 - Not including nec...
I just spent several hours today correcting a few very incorrect tax returns prepared by CPAs who advertise their services here. In one cases this is going to cost the client a substantial amount of money. In the othe...
I recently came across this deal on zillow about a 3 bedroom apartment for sale in my area. The price asking price seems like a mistake to me. I've attach the link to this question for everyone to see. My question ...
Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances". The following year, I used the ...
Hi, does anyone have a CPA/bookkeepers who specialize in REI that they really like in DFW?
I was unaware that I would have to pay taxes on depreciation when I sell my rental property whether I claimed it or not...which I haven't done for the two years I have owned it. So now I'm trying to figure out how to ...
I am from West palm beach, FL. I have a professional full time job and I am interested in real estate investing. I guess my goal is to eventually work less and still have income from investing. I am brand new to this ...
Hi everyone, I'm still learning about real estate investing, even if I have owned properties for more than 15 years. Unfortunately, I've made my share of very costly mistakes. I look forward to reading more here. May...
Does anyone know what you have to do on a tax return if the assets were incorrectly entered for a rental unit that actually belongs on another rental unit? The owner is selling one of the rentals and the assets are i...
Hi Josh,
I absolutely HATE this new shorter edit period!!! YUK! UGH! OUCH!
For those of us that are totally illiterate and were born with twenty thumbs instead of the nor...