I am in need of a real estate tax professional who is familiar with short term rental: pre-purchase, regs, and strategies. I have properties in FL and AL, but live in GA. Happy to work with them remotely, so location ...
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
Can you offset your capital gains from a stock sale with your depreciation from real estate if you're a real estate professional?e.g. If you get a lot of bonus depreciation from performing a cost seg on a property, ca...
I am working with an investor that is spending big money on employing his trades people for reno and repairs on his commercial properties. He is considering letting them go because of the costs involved and hiring out...
So I have a duplex that a tenant just texted me about having roaches. The duplex was fully renovated prior to the current tenants, before them it was empty for 8+yrs. Both tenants moved in the beginning of this yr. Th...
Newer investor here! I understand that once you sell a property and put the profits into a 1031 Exchange, you have 45 days to identify the property you're going to put the money towards and 6 months to complete the ex...
Hey BP community, I’m trying not to lose my mind here. We had tenants for 3 years move out recently in Virginia. The place was really gross- mouse droppings, damaged and moldy drywall, a broken window, termite dam...
My duplex is 40 years old and both received spot treatments for dry wood and subterranean termites about 12 years ago. While working in the attic, my contractor noticed extensive termite damage in beams. This unit is ...
Hello All,I'm working on closing my first rental property and everything was going according to plan until the termite inspection revealed prior damage and higher than normal wood moisture content in the crawlspace. I...
My wife and I bought a property 50/50 with my In-Laws. We bought it in September '13, knowing we would sell it to an interested home builder. The property sits on several acres.
I have read of scenarios where...