Do i have to actively manage a property to use a bonus depreciation tax write off?
First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR fo...
I’m getting ready to sell a home I am flipping. In my Seller’s Disclosure do I include items that the previous homeowner’s seller disclosure contained? For example, the previous homeowner’s seller disclosure checked y...
First time posting here! It's difficult to contain my excitement :)My question is...I'm looking to purchase a rental property and would like to find an area that large businesses are looking to build in. Any recomme...
Hello my name is Richard Wilkins and I'm an beginner to to wholesaling properties and would just like some info on how to build a buyers list.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $120,000
Cash invested: $160,000
Sale price: $489,000
Major renovation and 1,200 S.f addition on quarter acre, ...
I started developing the land and constructing a container house located in Bandera about 5 months ago. Since then I've already spent over $120k and still not complete. Due to inflation I am in need of additional fu...
Hi all,I am looking at a potential rental acquisition where the home contains a garage conversion into a room and it is unpermitted.Note that seller has not included this room in the sq footage and i am not purchasing...
I own 10 townhome-style apartments on 1 parcel. They are leased out.
It is zoned R-2 which allows for Multifamily which is defined broadly in the Definitions sections of the General Plan as "Dwelling, Multi-Family -...
Hello everyone, I have a question regarding taxes on a flip as I am prepping the books. My partners and I purchased a property late 2023 and finished the renovation and sold the property in March of 2024. After all ex...