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, ...

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...

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...

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...

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...

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...

I've never hired an EA or CPA before and need advice on vetting them to avoid being taken advantage of. I feel capable of handling my accounting in general, but I primarily need help with taxes for my real estate and ...

Hello guys,Im located in the South FL (Miami) area of the country and Im shopping around for an experienced CPA with a real estate background. Can anyone refer a good source?Thanx in advance.

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 ...

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...