My tenant called, and they want to pay to install a tornado shelter (this is the kind that goes in the garage floor; only takes a couple of hours and costs around $2500). This is in Oklahoma, about 15 miles from wh...
I'm a new owner of a vacant 2 family that I just began showing this weekend. This is my first multi-family property and even though I owned a single family rental for 5 years, I'm definitely still an inexperienced la...
I am not a real estate professional and my income is highest tax bracket. I owe a rental that has loss every year. If I invest in a real estate LLC partnership as a limited partner and get k1 income can I balance the...
Can anyone share their experience purchasing trustee sales during COVID? I am in California and curious about how to approach the previous owner who, I suspect, still lives in the home. The loan is with Citibank, so t...
My husband and I purchased a rental in OK about a year ago and the tenants are asking if we would allow them to install a storm shelter (the house does not have any). They are also wondering if we would pay full or pa...
I own two STR in Quito, Ecuador and one in my basement where I live in Alexandria, VA. Like everyone else I had two days where I had 8 cancellations. My heart sunk and I knew it was going to be tough. However, two wee...
Has anyone had success in winning a case against the Irs with their direct participation in a conservation easement investment?Lately they have been cracking down hard and doing audits on conservation easement invest...
Hi. I'm new to the forum and would like to see if anyone has info on how to shelter income from being taxed? This is a hypothetical question since I have not started the purchase of a multi family unit yet. My tax guy...
I have a new CPA that is struggling to allow me to use the tax shelter from owning properties that have "Unqualified" debt. Maybe a partner signed for the bank debt or I took a property subject to that disqualified ...
I have been reading up on not having to pay tax on gains from a investment property if you use those gains to buy more property.
Is that still true if you take the gains and put them into paying down your primary h...