My wife a I are buying our first rental property and I am trying to figure out how to file our taxes. We will transfer the property to an llc. We live an the property is in co which is a marital property state and the...
Hey y’all
Been working on acquiring SFH in North Carolina (I live in CA). Today my realtor visited the house and notified me that it’s a Section 8 house. To me that means rent will always be paid on time (90% assista...
I am the owner of 126.39 acres with two (2) homes that I am privately selling. Ten years ago when I built the second home, I subdivided out 5.63 acres from the original 126.39 acres to put with this home. Partly to ...
Hello! I closed on my first rental property in the last few days of 2021 - it's a duplex in Ohio, and I live in California. So I've been told my taxes will be a little more complex this year. I've filed with Turbo Tax...
Hey all,I have a good sized portfolio, approx 300 units. I have W2 staff managing and maintaining the units.We have recently run into an issue where our P&L looks a bit rougher than it should. One main reason for ...
I have had the opportunity to find and work with some of the best property managers (after many years) for our current properties. Over the years we have gone from me just treating them like just a service I hired to ...
Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...
Hi everyone,I'm new to real estate investing and I'm trying to think of different creative ways for financing my first investment property. I would like to invest Out of State but I don't have enough money for a down ...
I’ve got problem that I could use the communities advice on. I've completed one flip this year and about to do another and really want to get the tax situation under control since I'm in a high bracket already.
H...
In 2014-2015, more than 170 investors purchased 2 and 3 bedroom condo units from Growth Equity Group. This company specializes in investment properties in a self-directed IRA. More than 85% of their sales are bought i...