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Hi all, Any other architect-turned-developers out there? I would love to hear about what you're doing!
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Can somebody clarify the tax implications or advantages of converting a primary residence to a rental and what should be paid attention to early on so as not to pay too much in taxes at a later sale?Specifically if I ...
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I am a property manager and 2018 was the first year in business. I sent my 1099-MISC for my clients, but a customer had a question on a property owned by multiple people. Do I issue them both 1099s for the same amount...
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I am working with a small group of investors and we are putting our funds together to purchase properties that we will sell with seller financing to generate cash flow. The plan is that my LLC will be managing the ass...
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Hi everyone,Could anyone here share your knowledge about service pets? We have no pet policy in our renal advertisement and I got several applications with service dogs. One applicant has two service dogs, one 60 lbs ...
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Hey guys! I have 2 questions:
1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...
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If a Cost Segregation Study had not been performed on this $4.4M car wash facility located in Marble Falls, Texas, it would have had first year depreciation of approximately $293,200. Thanks to the Cost Segregatio...
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The last time I used subscription services to build lists and / or research properties, was at least 7-10 years ago. Much has changed I'd imagineAt that time- I found several services, like listsource, invaluable. But...
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So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. This will be for my excellent service as a lan...
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Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...