Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South. Our CPA advised that it would be best to create a 2nd/new LLC in...
Hello everyone,I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I bought my ...
My parents bought a short term rental property in Cape Coral Florida in 2021. From what I understand, they can use bonus depreciation once a cost segregation study is done. Unfortunately they did not get a cost segreg...
Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...
This was our first big commercial property deal with lots of moving parts. We learned a lot and thankfully made it out the other end better off than we when we started. Being a small time investor with limited funds w...
Last year I shifted from one industry to another. I've been in the beauty industry since I was 16. I have written about beauty, own a salon, created a hair careline. In other words... been there done that. The salon b...
So my current situation is that I am active duty military living in Hawaii with my wife who is an RN. We currently have two years left in Hawaii. We have one condo which we bought being rent out and we currently live ...
I am currently in the planning stages to purchase a new primary residence and then rent my current residence. It does need a few minor repairs and upgrades. Should I wait to start repairs until after I move to my ne...
Good afternoon,I recently purchased a 4plex that was fully occupied. One of the tenants moved out who was month-to-month that didn't have a lease from the previous owner (he was a family friend just living there). H...
Anyone have experience using a Milwaukee area title company for a 1031 exchange intermediary instead of a 1031 company? If yes, please share your overall experience, fees, etc...