In my PSA if I state that the Buyer pays closing costs this cost would be incurred by my assignee right??  So If I assign the house for say 70K my assignee pays 70K + closing costs right?

Are all holding costs deductible ?I'm referring to rehabbingI know the obvious like interest on loans, etc,But what about things like the electric bill ? Or even lawn maintenance while it's being rehabbed ?Water ?

When running numbers on a potential property, do you typically budget for turnover costs in addition to capex reserves? I’m guessing if any turnover costs are incurred, the security deposit from that tenant would pay ...

Hello everyone I have a question for the community. Can I deduct cost of deals that don't close as legitamite business expenses?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $137,000

Cash invested: $27,500

Sale price: $215,000

Did my 2nd flip in arlington tx

What's the best way to transfer a commercial asset from my personal name into a C-Corp?  For taxes reasons it has to be done to satisfy a ROBS transaction.  I need two properties or business to satisfy the ROBS requir...

I am looking at a condo for sale at auction.com.  They provided a partial title search report document.  It stated there was LEIN which I found details on from the County Register of Deeds for unpaid income tax of abo...

About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...

I just purchased a duplex 3 months ago.  Bought for 169K, Loan left of 110K.  I would like to sell the duplex for 210K.  I am sure I can get this price as a duplex down the street in worse condition/lower rents just c...

Recently my girlfriend and I have been remodeling her house, some changes were required (repairs) while others were more cosmetic (general updates). Once finished we will list it as a rental, in a couple months, but w...