Jason C.
Travel Expenses for Rental Property
Hi everyone, I have a rental property under a single member LLC, so I filled schedule E this year. Hoping to get more clarification/ideas how this travel expense might be deductible:Meeting with a CPA in another state...
Tami R.
Flipping
I was listening to the podcast today - love the fact about where David was going into a property 90-120 days and flipping it. Purchasing it for 75k putting 25 or 27k into and selling for 125k. My question is this......
Daniel Lozowy
Pros and cons of flipping a building
One very common strategy in my market is to take a distressed building, throw all the tenants out and flip it to the max. We're talking high-quality renovations to reach the top of the market rents. For example you ta...
Jered Collins
Just went under contract (Review Deal & Tax Question)
Just went under contract today on a house in Richmond, Va. It's located in the South Richmond District of Richmond, Va. To the facts...4 BR 3 Full Bath2,497 Sq FtTwo story brick traditional Contract Price = $70,000R...
Eric Richison
Non-qualified use tax on primary residence
Hi all,I'm looking into the tax implication of selling my current primary residence, which I used as a rental during a 4 year stint my employer sent me abroad. I'm interested to learn if there is any exceptions to th...
Paul Winka
Help understanding Airbnb tax deductions?
I will soon be an Airbnb host and want to get my accounting right from the start. I am buying a house I will live in myself and rent out the different rooms for more than 14 days each year through Airbnb. I am aware o...
Tom Reay
Short term capital gain on flips
Do flippers get hit with short term capital gains since they buy and sell within one year? How would this be avoided?
Audrey Scott
✨ Introducing The Property Alchemist! ✨
In the ever-evolving world of real estate, I’m here to transform the ordinary into the extraordinary. With a passion for crafting unique property identities and a keen eye for potential, I specialize in turning under ...
Trevor Tso
Need advice renting to retired parents
I bought a second home as primary residence and would like to move my parents there (so they can help out for my child care and I can help them with $, they are little tight).
How can I get the most tax benef...
Trevor Carver
How to Legally Avoid Capital Gains in Utah?
We live in Salt Lake City, Utah and we bought a house a little over a year ago as our primary residence. We will be selling it for a profit that will put our annual income well over $80K for the year but want to make ...