Nick Stormoen
Cash out Refi on my current house vs. Conventional loan on invest
I am closing on my first investment property in 2 weeks. The last month I was under the impression that my loan would be a conventional loan on the duplex I am purchasing. The plan was to use my current house as coll...
Mark Moss
Administration’s proposed tax plan - good or bad for REI?
NOT POLITICAL. I don’t care who you voted for, or who lied more or less than the other—all politicians lie. What is everyone’s take on how the proposed tax plan will impact REI with the elimination of the break for ow...
Raman Bindlish
How does Cash out Refinance accounted from Tax Purposes
I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major r...
Nathan West
How do you look at tax assessment
When you are looking into the value of your home and trying to put a value on the marketable value. What role does the tax assessment play in this value?
Daniel Flores
Accidental landlord Tax question
New job is going to take me away, having me moving from my primary residence and hoping to rent the house out. I am wondering how this is going to affect my tax liability on what was my primary residence. Don't want a...
Patrick Hiti
Trump vs Biden proposed tax plans
Here is a nice breakdown I found of the proposed tax plans for Trump vs Biden. Unfortunately, Biden's tax plans are not very friendly to RE investors.
https://www.cmtaxandconsulting...
Jesse Murphy
House flipping & recycled windows
I'm under contract on a really amazing piece of property in Stuart FL. The home is a dream home...eventually, right now it needs a lot of work.I am wanting to put Hurricane proof impact resistant windows on the hous...
Eric Veronica
Writing off business expenses as W-2 employee
Wondering if anyone has been as negatively impacted by the new tax laws as I have and looking for a solution. This question is directed towards other CPAs, loan officers or any other commission employees who are paid...
Ashley Wilson
The Challenge to Multifamily Evaluations
Over the past year plus, multifamily has endured some difficult blows. Most would agree the top three are interest rates, taxes and insurance. Breaking these three down on the direct impact they have had on multifamil...
Emily Thompson
Refinance in own name or LLC?
I recently purchased a duplex with seller financing (3 year note). I would like to put my LLC on the title instead of my own name, but knowing that I will need to refinance within 3 years, will it be harder to get a l...