Hello everyone and I hope you are having a wonderful day. I am solidifying a larger residential development within an Opportunity Zone in eastern Tennessee. Although I understand the premise of this program, I need...
Hello,This is my second official post, my other was my introduction. You could call me a seasoned member. Anyway, my question relates to house hacking a duplex, well actually any type of property actually. I have been...
I've done a couple of flips but I'm closing next week on the first property I plan on BRRRing and I have a question about increasing value.
Most of the value increase will come from normal rehabbing, kitchen, adding ...
This is the first year I have rented out my townhouse and have a question about filing and wanted others' thoughts. The home was purchased four years ago as a foreclosure and we made many capital improvements such as ...
What do you all think about this cap and the statistics below? President Biden’s “Build Back Better” tax proposals could be devastating to anyone owning Real Estate... The three issues I have been following most close...
Have anyone been picked for IRS audit upon sale of a rental property?How many years does IRS go back in terms of checking the reported expenses and income, and the accumulated gain/loss over the years? If you read t...
Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...
Hello fellow investors - Have a current dilemma with a single family property that I own and have owned for many years.
Do I keep it and continue leasing it, or do I sell it?
Here's the scoop:
App...
Hi,I apologize if this question has been asked. If you form an S Corp with your properties and your building has losses, can you write off those losses against your AGi?
Are you an investor in an RV Park? RV Parks have been booming since COVID in 2020. Studies have shown that as many as three out of every five travelers are considering an RV trip for their next adventure. If you are...