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Hello, my name is Josh Lounsberry and I have started a real estate business as a flipper. I am looking into how to save money using tax strategies and would like any references for good CPA's that deal with real estat...
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Asking Price $180,000Gross Monthly Rent = $2,650Additional Income = $175 (plus or minus; laundry)Owner pays water & trash (I don't have numbers yet), tenants pay electric.Taxes = $1,400/yrBased on those numbers it...
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Hello all,
Seeking advice. Tenant has recently asked for grab bars to be installed in the bathroom shower. She’s older and feels it will make her safer. I totally get that. Wondering if and/or how best to accommodate...
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Curious, what if any, changes everyone is making for 2020 given the ever changing note climate? I.E. Are you staffing up, committing more resources to dealflow, raising additional capital, selling off your RPL's, etc.
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Hello Bigger Pockets Community. My name is Trey and am an airline/military pilot. On my trips, I lurk on Bigger Pockets forums, listen to the fantasic podcasts and read as much as I can about real estate investing. ...
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I own about 40 props in Illinois and N Indiana and have been working on taking the next step... starting a property management company. We are opening Monday!Question for the experts here, for lead/radon disclosure, I...
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Houston's short-term rental (STR) market has been unregulated up until now, but that's set to change by the end of 2024. After prolonged discussions, recent high-profile incidents at STR properties have finally sparke...
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Hi BP Community! My wife and I own a single-family home in a top school district. The house is a smaller colonial with 3 beds and 1.5 baths. While the interior is nice, the first-floor kitchen and bath are original fr...
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Hello,
Here is the scenario. An investment property (residential-rental) that would be 1031 into a bigger more expensive residential property. Part of the property would be used as a primary residence and part as a...
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Hello Everyone,
I know the 1031 exchange is used to defer the capital gains under the condition you use it to buy another home. Is there a tax strategy for using capital gains off the sale of a home to pay off other ...