Hi all,I'm looking to house hack my first property in Philadelphia. What are some of the main differences with landlording in Philly vs outside of Philly in PA? I know transfer taxes are higher and there may be some s...
Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income? I recently had an email exchange with my CPA regard...
Okay so been talking to a CPA and they are telling me that I can't take a previous year's expenses and apply them to the year a spec home is built because I run on cash accounting. I want to know what my options are ...
Hi everyone,
My company and I are currently investigating the attractiveness of Paris and France as an investment destination. We would like to make a survey on the feeling of investors like you can have (as not fre...
First, depreciation is a short-term benefit. It puts extra money in your pocket every year while you own the property. But, when a property is sold, previous depreciation deductions taken from the property will have...
Hello Everyone! I am a 17 Year old that is very determined to learn how be a rental property investor and had some questions. I finish most of my requirements to be able to graduate at the end of this semester but I j...
Hello guys, I am new to investing.I keep hearing about tax depreciation, but I don’t understand exactly how that works.Can someone explain that please or give an example.Appreciate it!
I am looking at buying my shop (It is a building and a barn on a .4 acre property with a fence surrounding). I am one of the 3 renters (I have a landscaping business). Total rents are 2050, taxes are roughly 3300, an...
Hello,
I'm looking at a property in NJ and the broker is telling me it's a 2 family
but I check the tax records thru the city and they have it listed as a 3 family.
I'm assuming the city and tax r...
Got a lead on three lots today. These are in a residential neighborhood average year built is 1981. Average price / Sqft is $52.00. Neighborhood tax appraisal is $142,200 to $220,200. Although there are sales in...