Mary Roberts
Dealer or investor, thelandgeek.com, Podolsky
A vital tax question is whether you are classified as an investor or a dealer. If you have to be a dealer, it is a tax disaster.I've learned a great deal from Mark Podolsky and thelandgeek.com guys. A fine bunch of pe...
Nathan Waters
Bedbugs in a tenants home
My tenant just texted me that he found bed bugs in the house. There are no carpet or upholstery in the home that were supplied by me. He has been in the house over a year. What is my level of responsibility. From what...
Ryan Lowe
Short Term Rental Tax Benefits for High Income W-2 Earners
Hi - looking to learn more about the tax benefits of a short term rental property for a high income W-2 earner. What exactly is tax deductible and is income taxed at my ordinary income rate? Any resources folks would ...
Lynn Z
rolling 1031 exchanges - holding period
Does replacement property have to be "held" long term or can you improve the property and do another exchange "equal or better" ? Isn't the intent of the law to continue your investment and therefore you are merely ...
Steven Scheibe
Tax treatment for demolition of building for investment purposes
Hi,I am looking for some tax guidance on my first ground up construction. In this scenario, say I acquired the property for $1M and the city tax assessor has it documented that my land is worth 900k and the building i...
Christie O'Malley
Ordinary vs Capital Gains: Calling all Real Estate accountants
Hi all,
Lately, I have been trying to do my best to learn the different tax laws and am confused on a few different things. Recently, my accountant told me that if I hold a property for over a year in a LLC that doe...
Adrian Me
Young couple buying first home
I am looking to buy my first home, to live in it, not for investment. Has anyone a checklist of things I should consider while looking for the house and before buying? Any books recommendations?
Jameson Schwab
Reno area CPA/tax attorneys
Good morning BP Reno,Curious if anyone has leads on a CPA/tax attorney firm in the Reno area familiar with REI and the formations of LLC's. We currently house hack in our primary residence in California, and have a re...
Janene Tompkins
Input on This Deal Please
Hi All, I am considering a park in Alamance County, NC and would appreciate input from all you wise folks. Here are the details:70 spaces, 20 lots are rented and are tenant owned homes. 3 homes need rehabbing. Lot ren...
Jake McVey
Romeoville IL Flip
Investment Info:
Townhouse fix & flip investment in Romeoville.
Purchase price: $160,000
Cash invested: $230,000
Sale price: $275,000
A full rehab in Romeoville. New flooring, kitchen, bathr...