Koray Kilic
Where to go from here? Brooklyn property with low cashflow
I have a single family property in Brooklyn with a MIL suite that I originally bought to live in in 2018. right now its rented out.MIL unit is 1 bedroom apartment = $1500/mMain unit is 3 bedroom apartment = $3200/mdet...
Melody Tay
Need advice- dad selling primary to pay off debt
My dad (61 y.o.) currently lives in our childhood home and has been struggling to find a job. He managed afterschool programs for a majority of his career making between 60k-120k/year, but was recently laid off. Over ...
Lorraine Hadden
How To Navigate AirBNB!
I'm looking at entering the AirBNB side or real estate. I was told I need to get a good understanding of these subjects: 1) Taxes, 2) Legal issues in ABNB, 3) Negotiations, 4) Short Term Rentals & 5) Tenant/Renta...
Cole Shope
What tax benefits does one have using BRRRR Strategy
Are there any big tax benefits to using the BRRRR Strategy? Are any of the expenses accumulated while fixing up the house tax-deductible?
Vinh Hoang
Newbie from San Diego, California and in need of advice
Hello everyone. Short intro: My name is Vinh and I have been practicing as a pharmacist in San Diego for the past 3 years. I work in corporate retail and do not see myself doing the same thing 10 years from now. I ...
Javier Pinedo
How to protect your gained cash asset?
I'm starting out wholesaling houses, but one of my concerns is how to protect your earned money. Definitely I understand that everyone needs to pay taxes, but which would be a way to protect the money as much as you c...
Lee Davis
Tax deductions on vacation vs long term?
I'm curious what differences there are in accumulated depreciation deductions in vacation rentals from long-term. Can you depreciate the value of the appliances and furnishings typically? Do you find overall that the...
Leroy Abrahams
How to best invest $50K
Given the times in which we live, what is the best way to invest $50K in Real Estate over the next year to maximize Cash Flow and wealth accumulation?
Tony Kim
Newbie 1099-Misc Question
I received a 1099-Misc from my property manager for tax year 2018. This is the first time I've ever purchased an out of state property that is professionally managed.Doesn't receiving a 1099-Misc mean that the income ...
James W.
Taxes Payable - and how 1031 helps?
Hi gys -I am planning to sell my Investment Property that I bought in 2012. I'll do an example below just to understand the taxes payable.
Can someone with real experience relate if they really had to pay these taxes...