Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Hello,This question is probably a stretch. We are getting ready to sell a rental property in a couple months (waiting for the lease to finish). We would like to do a 1031 exchange to purchase a multi family property. ...
Hi - I'm a relatively new investor and I'm pursuing a potential foreclosure in Washington, DC. The property is scheduled to be auctioned at the DC Superior Court later this month (though the auction has already bee...
Hello! I apologize in advance if I'm not using the right lingo for my question.. still new at this :)I'm trying to figure out the tax implications of cashing out stock and using it to buy property. Even though we'v...
Hello all,I am reviewing a decision if I should buy a 6 unit building with a septic system. The owner claim that he just invested 40k in a new system recently.The price is right and the area is good. Should I buy it o...
Hi Everyone!A few years ago, I purchased 2 vacant lots outright for a total of $24,000. I am now selling them and set to close this week at a sale price of $50,000. I would like to reinvest that money into a rental th...
I have a rental that is too big and nice to produce a reasonable ROI. I would like to do a 1031 exchange for apartment buildings that need renovations. Can I include renovations costs with the cost of the apartments...
Anyone have any recommendations on any cpa's/bookeepers/ or real estate attorney's in the Bucks County/Philadelphia area?
Many investors use craigslist for a number of different reasons. They could be searching for cash buyers if they are a wholesaler. Or they could be looking to buy a property that is listed on CL. I'm sure some people ...
We're starting the process for getting our Airbnb going, so we need to jump through Denver's hoops. Out of the gate I have a question... Do we register for the Lodger's Tax ID License, STR Business License, etc. as a...