I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...
What's the most cost-effective way to prepare taxes for a basic partnership? I started an LLC with 6 partners with the purpose of constructing a home and selling it in NY State. The LLC has incurred only expenses thu...
I am looking for real estate investment analysis software that will work well for a beginner, but has enough depth that it will serve me well as I become more knowledgeable and gain multiple properties. I'm starting...
Help......I am looking into Tax Lien investing.Can any one recommend a good software for investing in Tax Certificates and Tax Deeds?Thanks.Happy Investing.
Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...
Good evening tax pros! I am running my sample 2022 tax return in order to figure out how much federal I'll owe for the year. I bought a property this year that was a good candidate for a cost segregation study, and I ...
Looking for advice on how to file 469c7 election and ensure all properties are treated as a single entity. I can write a letter, but I would like to file electronically, so I wondered if there was another way.
So I am trying to think ahead here. I will be making my first purchase as hopefully a house hack next summer. I was looking for opinions on whether or not I should find and talk to a rei CPA and lawyer as the new year...
Hi,
I have a house that is owned fully by me (no mortgage) that I created a lease option on with a lessee. The FMV is about 165k. I received a 15k down payment and am receiving monthly payments of $1578 for so many ...
Good day all. We are trying to just get a tighter lid on operations, for background we are a family-owned group with about 115 properties. I'm the owner's nephew and de facto "computer wiz" because I am relatively sav...