Shankar Kantharaj
Is this an insanely good deal or am I missing something
Recently starting looking for deals. I found this deal:https://www.redfin.com/MI/Detr...4 bed 2 bath for $30k. Locality looks good. Anything I'm missing?
Michael L.
Is it better to rent for the company or acquire a company with the equipment?
Will a good concrete company have access to the necessary equipment to grade and dig to prep the site or is it customary to have to rent that equipment for the concrete work to be done?
CK Hwang
Need advice on in ground jacuzzi
Hi everyone, I'm currently working on a flip project. It is a 5 bedroom SFR in Orange County. The house came with an in ground jacuzzi, which is a first for me. Unfortunately the equipment such as the pumps, heater an...
Yonah Weiss
Property depreciation in the proposed Trump tax reform
Can anyone shed light on how the proposed Trump tax reform would affect property depreciation. Could this tax reform retroactively take away the tax benefits for 2017?
Joe Wood
Section 179 and income
Good morning everyone,I have a question regarding section 179 and if I would be able to deduct certain expenses against my income. My question is whether or not I can expense the full amount of my purchases against my...
Lucas A Riemens
Creating a secondary business
I am considering forming an LLC for landscaping and a second for construction. The thought being that it would create additional tax breaks when purchasing equipment etc that would be mainly used to maintain my prope...
Joel Owens
What do you use to create videos??
I am fixing to start recording videos. Bought a studio setup last year as there was not a video and lighting place around. The possibilities on the internet are endless. I ended up selling the studio equipment because...
Account Closed
CPA / Tax Advisor averege costs
Hello! Hopefully this post falls within the guidelines of the forums.. I am just trying to get a feel for an average price to be expected for:1) Initial tax evaluation, plan creation etc (flat rate per year)2) Tax ad...
Kris Lippi
Can I buy Real Estate with another LLC's profits?
Hi there, my question is really around taxes, I'll admit it is not my strong area and I do have an accountant that I will advise but figured I would see what discussions are generated here.So for my example, I have an...
Julio Gonzalez
When to Capitalize vs Expense
Oftentimes people get confused whether they should capitalize a purchase or expense it. Hopefully this helps clarify things a bit!
A capital expenditure is money spent by a business or organization on acquiring or ma...