Been thinking about selling off 60% of my portfolio and paying off the other 40% then starting over. My reasoning is exposure. I know there are tax consequences to selling off the portfolio but the market being as hot...
HelloI am trying to find the unknown part when trying to close the cash deal yourself. I know you can get title search done via website. you can eRecord using Simplifile. Missing part is, is there a service to find t...
Hi BP,
I've heard different answers about 1031s so I'd love some clarification: (using simple numbers and assuming I hold for 2 years, leaving out depreciation and selling costs, and making the differences in purcha...
We are accidental landlords, renting our house for 6 months, starting 12/1/13. I would love to use TurboTax to save some money on our taxes and it claims to be able to handle rental income using the premier produc...
Hi everybody,
I am going to talk to my attorney and CPA before doing anything but I wanted to get other peoples opinion on what I can do before that point . I was living in the home for about 6 months and have turne...
Guys i need help here. I formed a LLC company in 2015 and i let it automatically dissolve last year(2017) by not filing an annual statement on Sunbiz.org. i did it on purpose because i was planning to sell my only ren...
I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...
Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...
im trying to make sure i have a ROUGH (i know it isnt going to be exact) estimate on cash flow
im just trying to make sure my basic formula is right so i can track the performance i have already had easier (i have no...
I just received a letter from my mortgage company for my investment property in Arizona stating that my escrow needs to be increased and I am in a shortage. There is also a new charge for hazard insurance which I was ...