Hi!I am an optometrist and am finishing up building a new build STR out of state. I will have a cleaning team do the day-to-day turnovers and will be using Guesty to assist in helping manage the property myself. I hav...

Do you get excited about repair expenses because of the tax benefits?I'm trying to look at the positive side of getting my rental property up to the neighborhood value. I've read there are great tax breaks for busines...

I'd like to buy vacant land that is next to the house I am buying so I can add additional rooms to the house. The owner of the land is someone in India, who is way behind on taxes. I cannot contact them to offer to bu...

Hello everybody,We purchased our 4th investment property and now we cant get a rental license because we are not compliant with Philadelphia tax center. We did not file 2022 taxes, we were in business for 10 days and ...

Aloha everyone!  I hope all are doing well during these unprecedented times.  I'm looking for quick tax advice on how to file my couple flips and really appreciate your time and knowledge!
General info: I purchased t...

I made my first upset tax sale purchase 2 weeks ago in Columbia County PA. A nice 1.1 acre wooded lot with a creek right off the highway (with a fire-damaged house) for $3500.  It came with a $4500 PA public assistan...

My two partners and I recently formed an S Corporation with the goal of generating cash flow from fix & flips so we can reinvest the profits into long-term rentals. We decided on an S Corp so we could reduce SE ta...

I have a 401k from an old job that I am trying to gain access to for investing. The amount is roughly 24k. If I stay in the W2 workforce I will retire in 30+ years. Since I no longer work for that job, I am no longer ...

I am closing tomorrow on a condo property in Chicago. It needs a significant amount of work to rent it out, but mostly just the basic renovations (kitchen, bathroom, flooring, paint). I can do much of this work with m...

I want to sell a 4 unit Rental in Decatur GA for about 1.2 million.   I have a 470k 1st mortgage at 2.5%.   gross rents are 84k/year -20k (taxes insurance, maintenance) = 64k net income.  
If i sell it for cash I wil...