We have a buyer on our flip asking to assess the anticipated taxes for next year at 140% (rather than the 105% in our area) because of improvements on the home. Has anyone else dealt with this?
I am in contract to buy a second home. My son and family will live in the home. My problem is deciding how to title the deed. He has a job and makes a decent income, but has unpaid hospital bills of 100k because of a...
I understand it is a question for a CPA. Wondering if any of the investors here applied and got 26% tax credit on single family rentals. The Google searches don't address it clearly but it does point to Section 48 for...
Government allowing FHA borrowers to get advances on $8,000 tax credit.
This could be a big help for first-time home buyers and real estate in general. Instead of having to wait for next year's tax return, buyers ca...
Investment Info:
Large multi-family (5+ units) commercial investment investment.
A 63,000 sf mixed used development. The historic preservation project will result in a restaurant, 20,000 sf of commercial spa...
HelloI am planning to sell my rental in nj and permanently relocate to ca by July 2024. in current year 2023 I am still a nj resident but will very likely end up being a ca resident in 2024 due to relocation.If I sel...
Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for. So if I liquidate money from my business credit cards and open a forex brokerage account and pa...
I posted this elsewhere, but I’m thinking this is a better place to ask:I have a property in PA in my own, personal name that I’m thinking of letting go to tax sale. Will this affect my credit reports in any way?The p...
Hi guys I have a tax question even though its not real estate related i'm sure someone knows the answers i'm looking for. So if I liquidate money from my business credit cards and open a forex brokerage account and pa...
I'm looking at a 24 Unit being sold by the local Urban Development. The listing states that the rent is 275/unit.... All units are one bedroom which according to HUD Fair Market Rent is 528.00. I haven't talked to a...