Hello, I submitted an offer on a condo that needs a lot of work done. One of the maintenance workers in the complex offered to do some repairs and improvements for me but I don't think he has documents. Might be cash ...

Thoughts on this article I will be posting soon? Hope you all find this useful!The vast majority of successful people treat their morning as sacrosanct and attribute much of their success to the hours of work performe...

We are looking at a live-in flip and want to make sure we're able to write off all the improvement expenses when we sell it.  Is it best to have the property in an LLC or our personal names?  I wasn't sure if we'd be ...

If you are planning on moving and need to do improvements to your home to make it rentable prior to moving, what are the tax implications?  For instance, if you need to paint exterior, replace floors. . .  Are you abl...

Hi, after the answers on my previous post, reevaluated the properties in inherited. Estimated value $1 million in assets. After watching so many videos, one thing is not true, I cannot find asset based lenders who wil...

If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?

I have been told vari...

How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a MHP at an incredible deal, way under FMV d...

Have another question fo rall you guys..

Tax time...Let me give you a run down..I purchased a place this year as I posted before. I am renting section 8 and filled out the w-9 form. i am postive cash flow, and want t...

I had situation this year that I'm not sure per tax code if the costs would be deductible or require depreciating.

Accessibility modifications, which could be wheel chair ramps, door widening, shower modifications. ...

About to be under contract for my 4th house. Seller added the following revision for an AS IS sale:"Buyer hereby represents that he has personally inspected and examined the above referenced premises and all improveme...