Cynthia Hughes
Buy & Hold Investing
The past few weeks my wonderful agent has acquired several "buy & hold" properties with long term tenants in place. Many of which I have past on to other investors. As a beginner investor, what are the pros and co...
Cindy Tang
Can Depreciation be adjusted if it's limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Ioannis Sarantopoulos
Need Tax Expert related to BRRRR
Any recommendations for an expert CPA that's responsive and his price is competitive? Preferably in Hagerstown, Frederick area, but I will consider a good suggestion anywhere in MD.
My Attorney suggested Sean Lydon,...
Andrew Holmes
Quantity Vs. Quality Of Rental Properties.
I have often wondered why we do what we do? I have pondered these questions and I though it would be interesting to get thoughts from other investors. I would love to get your input specially if have a large portfolio...
Brian K Akamine
Grandparent Gifting $60K for College Education "Leverage Option?"
Does anyone have Legal/Tax advice? I'm crunching some numbers and would like to propose to my mother-in-law who has already allocated in her estate plans to gift our two daughters $30K each (x2=$60K) for their college...
Andreas W.
H&R Block or Turbo Tax for small scale landlord?
I do have professional help but I also want to do my own tax calculations this year. As a landlord with only a few self managed properties, I put my hands on an H&R Block version recommended for rental properties....
Lyle Silverman
Septic Experience? Should it scare me off?
What's everyone's experience with septic tanks? Just curious as I have no experience with them at all and it hasn't scared me away yet from a 3 unit property that I just put an offer on.My main takeaways:Need strict r...
Peter Kandra
Partnership Tax Return
This is mostly a theoretical question for now, but will most likely become valid in 5 years or so. I own several properties with a neighbor of mine that we operate under an LLC. We file a partnership form 1065, and ...
Kerri Tribble
Tenant under Section 8 being held in Month to month lease
I'm a tenant in a house under section 8. I have been under my lease now for over a year, after the beginning of this year my lease went to month - to - month. I lost my job at the end of last due to unforeseen circum...
Robert Carpenter
PITI payments
In a PITI payment are all four portions normally paid as a lump sum to the mortgage company which then sends the accumulated insurance payments to the insurance company once a year and the accumulated tax payment in ...