What should we do?
We are looking to buy our first house, but also looking to invest. Will buying a house first affect our investment opportunities(this will be with an agent and bank loan). If we invest first we'll ...
HI! We own a six unit building in Chicago IL and we are looking into consolidating all to just one electrical account, and installing solar panels. We would like to meter electrical use for each unit and for the bui...
I am looking for a CPA in the Goddard, MD area who is knowledgeable in real estate tax law and student/education tax law (think tax form 1098-T). I would like this person to advise me on 2021 tax strategy as the year ...
Have known a guy for many years and he has been a handyman for me off and on since owning rentals.
He did some really stupid things and is now a convicted felon and on parole. Know he is wanting work. Is ther...
As I understand it when purchasing a "replacement property" via a 1031 exchange, prorated rent, HOA and specifically property taxes should not be paid with the proceeds of the relinquished property. However what about...
I am looking into a couple 30+ apartment complexes that are financed through USDA-RD. These properties have income restrictions and must remain on the USDA-RD program. Does anyone have any experience with these sort o...
I purchased a duplex in 2019. As part of the closing, I received a property tax credit of $3,000 from the seller for the time they owned the property in 2019. Should that be considered income?
I have a tax lien on my credit report, and I was wondering if that will have a negative affect on me as a wholesaler, when I put properties under contract and go through the closing process with the closing company...
My fiancee and i are looking to buy a single family home. I currently own a two family. We are looking to purchase the single in her name, but with myself as co-signer. Would we still qualify for the $8000 Tax Cred...
I have 24 hours to present my offer to a seller. I want to purchase the property using a lease option. It is my understand that a contract purchase DOES qualify for the tax credit. The deal in some ways hinges on the ...