I recently purchased my first home a few months ago and paid $7,500 for a rate buydown from 6.75% to 6%. I was told at the time that that I would receive that same amount as a tax credit. From my understanding the ta...
Looking for a Tax Strategist in the Kansas city area. Wanting to discuss structuring rental property LLC's with holding company (management) LLC. Thanks!
Hello guys!!! I have my first tenant moving out at the end of the month. Is there a letter or cleaning list you send to the tenant addressing what would need done before they leave? Thanks again!!!!
Hello, I'm in the process of purchasing a SFR in Florida from an individual living outside the US. This individual and his deceased wife are both on the title of the home and neither are/were US citizens or legal resi...
Hi all,Does anyone know what is the maximum amount we can transfer out of the US? Do we need to report it? Do we have to pay tax on it?Thanks.
Many people wait until the end of the tax year to start their tax planning. However, there are a lot of benefits to planning and strategizing at the beginning of the tax year instead. Since 2023 has just begun, now is...
A friend has a rental in Iowa. Carpets were about 6 months old when the current tenants moved in 2-1/2 years ago and in great shape.Since you're a landlord, you can already guess they are moving out and the carpets ar...
I hate to be a downer, but with a significant overhaul of the tax code recently we are seeing first hand some RE investors (and individuals) get hit with huge tax bills and sometimes penalties. There are tremendous b...
Hi I have a slumlord in the state of VA and I refused to pay him rent on April 6th. they considered it a dwelling unit and can qualify for opting out of VRLTA VA 225-55.01 if they expressively write it in the lease. ...