So, I wondered if anyone had insight into finishing an attic space if my joists are 8x2 spaced 16" apart. Now, I have heard that this only allows for "office space" rating, but my intention is to put in a full 2 bedr...
I have two rentals and right now I am about half way done with my 2nd brrrr house. The rentals are owned by my LLC just for them. I am wondering should I be operating a second LLC for the management side? I do a lot o...
For anyone considering crowdfunding websites, huge SEC investigation into billions of dollars of investments that say the collateral for those loans may not exist at all. Personally, I'd never sign up for the micro-sh...
I bought a house for $1...not $1 deposit...but $1 total purchase price. Here's how I did it: [LINK REMOVED]
Has anyone done this before?
I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
I have 2 commercial deals that interest me where I can purchase under value, get cash at closing and debt service the properties with profitable businesses.
1) Plan to buy and hold.
2) Owners are anxious and one has...
I am trying to get a handle on the new taxes codes in regards to expensing versus capitalizing and depreciating. I have heard that the new laws basically state that "replacing" something such as a roof, AC unit, etc i...
I always hear wealthy investors online talking about how they borrow against their assets to generate tax free wealth. So far I’ve always just reinvested my real estate earnings back into my LLC. If I do a cash out r...
Hi Forum mates,I launched my first Airbnb last year and I am currently doing a cost segregation study. I am looking for a CPA who charges hourly and I need help with 2023 tax preparation (I will be qualifying for 100h...
What would be the best depreciation method when I am only planning on holding a rental property for 5 years?
Thanks