Hi there! We're trying to come up with a game plan in regards to investing. So far we have 2 properties both purchased with a VA loan. One in NC that is rented out and one in Washington where currently live. At the mo...
I'm in the process of purchasing my first property. It is currently a rental property that rents for $1400/month. My current plan is to buy the property and occupy it myself for the next 6-18 months. It could use s...
I have a job where I make good income, I'm in the highest bracket with my regular wages. I'm about to start buying some rental properties and am not excited about the prospect of all of my business earnings being taxe...
Hello, first time duplex owner, Would anyone say that rent is less on a duplex or the same as a single family home? I would think that with the neighbor being close could lower the rent per unit. Please advise if ...
My wife and I are looking to buy a house for a VRBO at Grand Lake in Oklahoma. The goal is to find a house between $300K - $400K, 4 bedrooms/3 bathrooms, sleeps 10-12, lake view with a boat slip. Are their market da...
Hello! I am interested in getting vacation rentals in the finger lakes area. In figuring out rental income, how many days do estimate for a VRBO type of property on the lake? I figure it would be somewhat seasonal, ...
Hello BP,Question about rental income. How do I go about pay taxes for the rental income?Thank you in advanced
Hi ya'll,
I'm full time military and a Realtor. I made around $1,600 in 1099 income as a Realtor and had about $4,000 in expenses starting up my business. Can I add up all my income (W-2 from the military and the 1...
Long time lover of real estate but relative newbie to investing. It’s tax Season and in doing our 2019 taxes I asked about strategies for reducing taxes. I made just shy of $100k last year and want to start investing ...
I completed a 1031 exchange in 2017 and received some cash boot from the exchange. My accountant can't figure out if, in addition to Form 8824, we also need to file Form 4797 for this. The main area of concern is how...