So my girlfriend and I have been tasked to locate a property in Florida to purchase. Background info is my girlfriend and her family have done some smaller real estate deals in Columbia, SC (They own 5 or 6 rooms in a...
I searched the forms but didn't find the info that I am searching for.We are selling a piece of property for 850,000. We currently own a building that has a loan of 325,000, with a recent appraisal of 400,000. Both of...
Hi,The foreclosed home that we bought over a year ago is about to go on the market this week. It was torn all to pieces when we bought it. Many things needed work and either had to be purchased or rebuilt to new condi...
Does anyone have a good checklist of items that can be included in the accelerated depreciation method? I.e. fans, furniture, etc, etc,. What are the depreciation rates for each?What are the amounts for each that you ...
I purchased a 4-plex in 2016. Two of the 4 units were empty, so we did some repairs on those units (new carpet, tile and paint), plus we installed a new roof, repaired an exterior wall and fixed potholes in the parkin...
Just saw this article on the potential changes to the tax code which would impact REI. How would this affect the different real estate strategies like BRRR, multi-family, etc.?https://www.nytimes.com/2017/04/22/busine...
Well, news flash on the Today show, number one tax cheats are contractors, second is landlords. They even have it down to geographic areas, sections of LA, Dallas, some other cities were named.
If you haven't droped...
Suppose I sell my current investment property. I then use a 1031 exchange to purchase a duplex. Can I then live in one of the units as my personal residence?
Economic Update
(Monday, September 14, 2020)
A majority of Los Angeles households face serious financial problems due to the COVID-19 pandemic, with Latinos and Black residents bearing the brunt of the economic pain...