So. I am starting out, working on a deal right now where I will partner as a JV on a SFH with an experienced investor. At the end of any flips we do, I will get a check and a 1099 at year end...What I want to know i...
Hey everyone.I am currently service in the Oregon Air National Guard and would like to pay for a Central A/C unit to be installed at my parents property in Buckeye Arizona (By Luke AFB in Phoenix). As an early Christm...
I have a rental home in southwest Florida. The tenant recently called and said he had an ant problem that he tried to take care of by himself but was unsuccessful. I went to the property and sprayed for ants inside as...
We signed a lease-to-own contract for 60 months. At the end of the term, we are obligated to provide a $100,000 credit at closing toward the purchase price for the buyer/tenant. This credit amounts to $1,666 per month...
Almost all taxpayers are impacted in some way by the new tax law introduced as the Tax Cuts and Jobs Act of 2017 (TCJA). Individuals, LLCs, LLPs, LPs, and corporate entities alike now seek to identify key and relevant...
I just completed my first flip and cleared 10k, I then bought another property and put down 5k on the house. How and when can I utilize the 1031 exchange? I have read several things on this great tax benefit but I ...
My son has his own construction business and we flipped a house together for the first time. My profit is short term capital gain. Would his be ordinary income as part of his construction business as he did most of...
Hi All, I could really use some advice. I moved to Phoenix area from the midwest and renting a SFH while building a new primary residence. I am married with kids and recently learned, after my 6 month old daughter bec...
If you've been alive and paying attention the last ten years, you know Emotional Support Animals are increasingly seen in airplanes and in rentals. Ten years ago, I didn't have a single one in a rental. Today I have a...
The purpose of this post is to share my ongoing experience with dealing with fleas in a condo I am househacking. There are two things I am looking for from this thread. 1. A documentation of my experiences so that oth...