Hi All - I am looking to make an offer on a two unit town home. Both units are rented out with long term tenants in place. Below is a screenshot of the model results but see below for a break out of the assumptions:
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If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?
Thanks
Disclaimer: I am not a tax professional, so it's always best to consult a tax advisor for your specific situation.
Investing in real estate can bring about a lot of financial benefits, but it can also have a major im...
They called me at 6am but I didn’t get it until hours later. They Went to Home Depot and spent $15 fixing the hose. I told them to take it off their rent. They said don’t worry about it. Plus their their time and mile...
Hi all,I am looking to start a company that would really only serve multi unit dwellings (mainly apartments). The one issue I know I'll face I'm selling the service is this..... for example a complex has 500 units a...
Hi All! I am new to the forum, fairly new to actually owning investment real estate (have been a landlord for about 8 months now!) but have been reading on the subject for several years and so far, made my first deal...
So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property. I can carry them forward, but it doesn't reduce my actual gross i...
I'm very interested in buying a condo listed at 109k.
The market analysis shows what appears to be an identical unit that sold for 94k in 06/2016. The unit was on the market for 50 days and is a first floor unit in ...
At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!
Hello all,
I am looking to get a cost segregation study done on my newly purchased 8-plex in Aberdeen, Washington.
Does anyone have any recommendations for me?
Any tips or things to think about moving forward?
Thi...