Hello everyone! From what I've gathered, when converting a property acquired via a 1031 to a primary residence, one needs to be very careful to not trigger tax consequences by rkeeping the newly acquired property for ...
I'm looking for some help with getting started using wave accounting. I only have one rental property. I acquired it 2 weeks ago and repairs are being made now. I will be filing using 1040 section E. I use 2 accou...
I'm a U.S. citizen/resident thinking about purchasing my first real estate unit outside of the U.S. We're probably going to buy in the Caribbean.I want to figure out the best entity structure for me. Based on my initi...
My wife and I have lived in our current home since 12/15/2020. I bought the house before we were married, but she has lived with me since day one, which is documented on the insurance policy. She is a physical therapi...
First time have this. Gf has all docs, BF has no documents, no SSN. He's been working for a local restaurant for 5 years. Can I rent to them if income is enough? What's the risk?
Real estate is an investment vehicle that comes with a lot of tax benefits which is why it is so attractive to investors. However, understanding the tax benefits and really grasping the difference between tax deductio...
My kids have lived in their house for a year and are now looking to sell. I thought if they put the profit of their current home rolled over into their next, more expensive home, they wouldn't have to pay taxes. ...
Hello Everyone,
My name is Alexandre Boustany, and I’m excited to join this vibrant community!
I’m an architect who has recently stepped into the world of real estate development, taking over my father’s small busin...
I am in the process of building a vacation rental on a four season resort. It is funded by a construction loan and will transition to a mortgage around January. My concern is that my DTI is not great and I won't be ab...