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...
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...
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...
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...
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...
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 ...
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...
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!
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...
Hi Everyone,I have about 37k in both subsidized and unsubsidized student loans, and I'm close to 36k on my total investmentsI've decided to pay out all of my student loans by the end of the summer so that I could be f...