Andrew Coffey
If the house is in my name, and I am unmarried, can I 'rent' it.
I started up an LLC a few months back, planning on building up a portfolio of rental properties over time, and I was wondering, could I write my home off in taxes (For business expenses) if my fiance lives with me, 'p...
Gene Kaniaupio
tax professional in California bay area or Reno, Nevada
I am new to the taxation side of investing, here's where I am at. I waited until the last minute, then filed an extension(good). I used a national tax prep company (bad), and I am certain they missed a lot of deductio...
Anthony Thompson
Rhode Island - Possible Increase to Real Estate Transfer tax (please take action)
I just received a message from the Rhode Island Association of Realtors that said:"The real estate conveyance tax that is paid at closing by sellers of homes and other real estate will increase by 15% on July 1, 2014 ...
Markia Dunn
Do you pay taxes or the homeowner?
Ok so I’m wholesaling. And I was wondering since I will be having a contract with both the homeowner and the cash buyer. Will the cash buyer be in charge of paying the title or “closing cost taxes” since that’s the re...
Ben S.
Difficult to get personal mortgage with rental income?
I'm considering when I might move to full time real estate investing, with my primary income as rental income. Will banks give a mortgage on a primary residence for myself based only on rental income? Do I need a long...
Lisa Martin
Tax Question- tax bill for seller
Asking for a friend! ;-) Seller inherited paid off 8 unit apartment building in Southern CA when his mother passed away last year. He wants to sell and likely won't 1031 exchange as he just wants to the cash. I re...
Justin Palamara
Anyone have a good CPA / Real Estate Tax Strategist - Monmouth
Hi - I am scaling up my flip and rental business. Anyone have a strong recommendation for a good CPA / Tax Strategist that I can discuss options with? In general (like all of us!!) I want to reduce my tax burden and u...
Ted Jackson
Duplex Dilemma
I have a dilemna. I want am ready to make a purchase, but two properties have caught my eye. Both are great opportunities, but I can only afford to buy one right now. The problem is this: the property that I want the ...
Christina Hall
SFR cost seg
We are thinking of getting a cost seg study for an SFR that's a short term rental. We got an analysis from 2 different companies and savings wise it makes sense. However our CPA won't do it he says he can't stand behi...
Wesley W.
First potential purchase under contract, and then...
Hello, all!
Well, we are under contract for our first of hopefully many multi-family investment properties to create a buy-and-hold portfolio.
Here's the issue. The seller grossly underreported the tax...