Veronica Thomas
Flip vs "buy and hold"
My husband need a tie breaker. We just purchased our fourth single family home. It's a total gut job and remodel. Paid $32,500 for it, looking to put $20,000-$30,000 into it and if we put it on the market in 2 mont...
Tom Server
gifted money, how many can you receive
I saw the 2024 limits for giving a gift tax free is 18k.. What is the limit to receive gifts? Could i receive a 18k gift from a friend and then another 18k gift from a family member ?
Chris Ivy
Colorado tax filing for married couple on rental property
I live in Colorado and my wife and I bought our first rental in October of 2019. We're co owners on the title. I just met with our tax preparer who said that since we are 50/50 on the title, we will need to prepare a...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Erica C.
High earner looking to off set tax bill with real estate
Hi! My husband and I are high earners from our day jobs this year and will have a very high tax bill. I am wondering if buying a property and renting it will help to offset or federal income tax that we will owe at t...
Patricia Andriolo-Bull
Suggestions for a STR LLC strategy
Hi. I understand the pros and cons in general of LLCs. I know often times people on this forum say they are unnecessary and don't always protect against liability and just get a good umbrella policy. That said, I d...
Stephen Polizzi
Xero CPA Recommendation
I'm looking for a CPA fluent in Xero to work with. Bonus points for either being in NH or working with NH clients, but will settle for a willingness to be able to figure NH laws out. Looking to have a checkup done on...
Shaun Wilson
Tax question for flip house with sweat equity partner
Hoping someone might be able to suggest ways to solve the following tax question:
My business partner and I have an LLC that we have bought a rental duplex, with the aim to buy several more. In order to build...
Alex T.
Legal Notices on Foreclosing rights to redeem on taxlien
Have you ever had an issue where the property owner/entity claims he did not get notices by your attorney after the sale? How did you/your attorney defend yourself? What affect does it have on the lien interest, and ...
Tony S.
Help With 18-Unit Deal
Hi Guys,I'm in talks with a seller to purchase an 18-unit high quality apartment complex. The only issue stopping the deal is that the seller does not want to pay the tax obligation on their long-term capital gains. ...