Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the question...
Marie Mattus
Widow needs advice on whether its time sell a property
Hi all - My husband passed away two years ago and we had two homes. I have been trying to stay afloat keeping both and I'm barely - its very hard.I can't get anyone to give me sound advice because they feel bad tellin...
Dolores Waldron
Advice with School & Library tax levies on property in New York
Hello,We are looking at a possible investment purchase a single family property in upstate New York and there are two tax levies recorded on the property - one is for a school for $77,822,492 and then one for the libr...
Geoff Prickett
Las Vegas Condotel: Syndication and Bonus Depreciation Questions
Questions for Real Estate CPAs and Attorneys (or genuine experts), preferably who know the Las Vegas Condotel market:Looking at my first investment property. Considering going in with other investors on a condotel uni...
Eric Tomlin
Tax question re: sale of fire damaged rental property
Good day experts. I am trying to understand the tax laws and determine my tax liability for a rental property that I have sold in 2018. The uniqueness of this transaction is in the fact that the property suffered a fi...
Zach Wagner
Paying Yourself for Your RE Services
We've been managing our properties for 2 years now and been doing a lot of the work ourselves to save money, such as yard maintenance, cleaning, unit flips, etc. How do you pay yourself? Is this easily possible withou...
Matthew Wright
Wholesaling Income and Taxation
How does one manage/report income for wholesale checks issued from title co.? 2016 was my first year making money on wholesales. Do you just provide your book keeper/accountant the HUD1 or do the feds issue 1099 from ...
Alex Stariha
Land contract for 4plex
Does anyone have any advice for entering into a land contract? I have an opportunity to purchase a fourplex Residential Building for around 400,000. The cellar is wary of selling out right due to large tax burden and ...
Amy Raye Rogers
Can I write off the purchase of a vehicle for tax purposes?
I'm considering purchasing a vehicle to do showings as an agent. Can that purchase be deducted? Is it better to create a depreciation schedule for it? CPA friends, help!
Matt Mach
Sales Tax exemption on flips?
Ok, I've gotten one flip under my belt. We closed in 2017, I've already talked to a CPA regarding taxes and he suggested I roll the income and expenses into the same tax year. I've been reading quite a bit about how I...