I am working on my 1st rehab, which also includes purchasing construction material from Home Depot. Is there a way to automatically allocate individual SKUs to broader categories? (e.g. drywall, framing). I am trying ...
I’ve seen a few articles on last minute tax plan changes and they are stating there was a last minute change that allows for a greater reduction for real estate LLC’s with no to a few employees for rental income. Anyo...
OK, this is a situation that I saw on another board and it got me thinking about it...just my brain working here.
It's a 9 acre single parcel of land, that has 2 single-family homes on it, and a fourplex. He lives i...
Howdy yall, I am curious to know what percentage of an individual's total portfolio should be allocated to real estate? I understand that real estate is viewed as one of the safest, most reliable asset classes but in ...
Friends, I'm contemplating a 1031 on a sale, but I am weighing a few options on maximizing the best ROI over the long haul. I'll share it with round numbers for a hypothetical analysis. Say the relinquished property...
How heavy is your wealth tilted to real estate?I’ve been thinking about this lately. About 80% of my net worth is invested in real estate, real estate syndications, real estate notes or REITs. Now that I’m in my ear...
What are those of you who house hack or live in unit and rent out another doing for bookkeeping? I live in one unit (40% of building). My tenants live in the other (60% of the building). Their rent is less than my mor...
A Question On 1031 Exchanges for the 1031 Experts on the Forum.
BACKGROUND:
Sold Investment property in 2016 netting around $225,000. Money deposited with 1031 Exchanger. Bought 2 properties with 1031 proceeds. Paid...
I am placing a house into full time short term rental to try it out. But what are the tax consequences if I discover it is not as profitable as originally hoped and convert it back into my primary residence the follo...
I did an exchange about a year ago into a property that is five buildings, all on separate tax parcels. If I were to sell just one of those buildings (sell outright, not exchange) what would be the tax ramifications? ...