If I participate in syndication deals and own real estate, can losses from one be used against the other? For example, if I receive a $50,000 loss from a syndication through a cost segregation study and bonus depreca...
Closed on house yesterday. Single family-4 bed , 2 bath.Paid $127Rehab budgeted- $30 kList price- $249,950Day one- Ripped up all carpet, tack board, base board, kitchen laminant/cabinets out. Sub floors have areas th...
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
I ended up taking a drive to New London today to take a look at a couple properties that had some cash flow potential. The properties themselves didn't look terrible, but it was the surrounding houses that had me nerv...
Hi everyone, I was curious what might be some of the biggest problems to you run into while managing your properties? (Tenants not paying on time, keeping track of payments ect..)
Hello, I own 6 acres of vacant cleared land in Southwest, GA. I wanted to get some recommendations or advice as to how I could potentially partner with a developer that may specialized in rural development. The land i...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Just won my auction and contracts are out. This is going to be a flip investment and I will be vesting title in my llc. I have never put property in LLC name is anything special required at closing to show I am the ...
Hello, I am trying to get an idea for the tax consequences I would face by selling a property that I acquired via 1031 exchange. Here is the background:*I purchased Property A on Feb 2016 for $109K with cash, rented ...