I am not in a position to act on this question but am genuinely curious about its possibility. When it comes to capital gains tax, this is paid when selling an asset for a profit after any adjustments that can and are...
I have a single family residence that I initially purchased as a primary residence, then rented out for some years, and now use as a primary residence again. During the period as a rental, I depreciated approximately...
For someone starting out in fix and flips, what are some things to look for in choosing the right accountant/cpa to start a house flipping venture?
Greetings,Can I purchase a property, get a cost segregation done & then do a mild rehab and replace some of the 5-year items in the cost segregation and get BONUS depreciation on both the old and new? this is all ...
This will be my first tax lien auction ever. Anyone ever attend one of these in Spartanburg, SC?
Are bidders of this location predominantly looking for the interest return or to acquire property not redeemed?
I...
I am currently working with the owner of a large mobile home park, and he would like to sell, but is worried about tax implications specifically due to the fact that he holds the property in a trust and changed the pr...
My question is : how soon can we refinance after closing on the replacement property? We sold a property for 1.95 million. The replacement property we will be purchasing is at a price of 2.9 million. We want to have...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,500,000
Cash invested: $35,000
4-Unit building in Wicker Park, Chicago. 3-unit front building with a dupl...
Quick question - if the property in auction has lets say three mortgages open - and only one plaintiff is running in the auction - what happens to the other two loans?1 - Does the plaintiff add up three total loans - ...
I spoke to a ate-stage college planning specialist. He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college...