I am looking to meet with my account and figure out how I can avoid Uncle Sam's wrath. I want a LLCs for my rentals, however should my flipping business be a separate LLC or the same? I market to houses with my bus...
I am working with an EA to handle my 2022 taxes. I rented out the upper portion of my primary home as an STR for 3 months in 2022. I would like to write off some improvements made to this area of the home to get it re...
I have an complicated loan timing situation and was wondering if anyone had an idea on how to execute this better. Thanks in advance if you get through it all.I own several properties, which are all owned in my name o...
Hello,
I have become an accidental landlord for the last 2 years. I rented out my house and I don't think I took depreciation correctly. I was using HR Block basic, which didn't help very much in terms of that. Que...
Hello guys, wish all the best. I am an investor in Clearwater, Fl from NJ, one year ago, I purchased a property in Clearwater, I surprisingly found out there is a large garage in the backyard have existing plumbing an...
Can a commercial lender require tenant tax returns as a condition of financing a commercial real estate deal if that tenant is not a party to the transaction beyond an existing lease agreement?
A subcontractor for a bathroom remodel started the job. Come to find out half way through I needed to fire him for a very poor job done. I had to hire another subcontractor to come in and fix the previous subcontracto...
i just closed on the last of the "conventional financing" house i can get. i have 11 rentals, 10 of which are financed with banks. i put 25% down, 30 yr. then i have my personal house under the same type of financi...
Hi guys, I have searched the internet far and wide, but still have some questions/concerns for filing my taxes this year.
Basically, I own a 3br 2.5Ba townhome that i purchases for 140k with 40k down, my total paymen...
Hi, I asked earlier about building a condo ADU and got some great help with that. Now I am looking into what the implications are as far as property taxes. (Our original house has ~$5k annual property taxes. The land ...