Harold Cherrix
Has anyone used Wealthability CPA Services
After this year's tax bill I need to do something different to reduce my tax liability. I reached out to the Tom Wheelwright CPA group "Wealthability" I spoke with the representative and he said all the right things, ...
Justin Campbell
Non-refundable deposit to make an offer?
Hello All!I'm looking to buy a single family property for $90,000- gets 17% ROI and recent updates to major ticket items. The catch is the seller (FSBO) wants $2000 non-refundable to submit an offer. She said the reas...
Chris Gilbert
Does the "behind on rent" scenario ever end well?
Over the years we have had one eviction and a few situations where the tenant left after falling behind on rent. It looks like we have another eviction in the making with long term tenants. In all of these instances...
Ryan Robinson
Non resident tax withholding
We invest in Maryland (which is where our LLC is registered) but we're considering doing a flip in Pennsylvania. To avoid the non resident withholding tax, do people usually create a new LLC in the state in which they...
Ramy Man
Software like Turbotax vs Tax accountant
I bought my first rental property last year and started renting for the first time. I am trying to figure out whether to use a tax software like Turbotax or go with a tax accountant to do tax filling this year. Tax ac...
William C.
Tenant lease break, penalty & tax implications
We have a tenant that was signed to a lease through Feb. of 2023. They have decided to break that lease and pay out the remainder of the lease in a lump sum. In the state the property resides in, we have a duty to mit...
Robert Mack
Permission from Government to Sell your House?! H.R. 2454
I just came across this bill that was passed by the House of Representatives and is on to the Senate. Of what I understand, you won't be able to see your home unless it meets the EPA's energy efficacy rating for the ...
Buddy Holmes
offset of property sale gains with passive RE losses
I have a tax question about passive RE losses and LTCG's from sale of passive RE investments.Specifically this year I have a small cash out of a 1031 exchange of DST'S (Delaware Statutory Trust).I have net passive los...
Joseph Hammel
Minnesota eviction issues!
Ok, for the first time ever I posted this and got ZERO replies. So I will re-post. Calling the lawyer Monday as well.Hello,
I did a self eviction on a tenant in Wabasha County. Long story but I won. I have been still...
Alessandro Di Luciano
First Post from Toronto Noob
Hello BP!
I’m Al, a rookie in the Toronto area. My proven strengths are operational efficiency and process integrations. While new in the world of real estate, I plan on emulating proven models of success (BRRR, hou...