Peter Morgan
Depreciation per unit vs square footage tax implications
Hello,
I wish to know what are some best practices to depreciate an owner occupied two unit property is it by square footage or per unit? More often than not the square footage of the each of the units of a two famil...
Alex Bezu
Funny :) IRS Accuses This Man Of Hiding Money. His Response Is Genius.
The IRS decides to audit Ralph, and summon him to the IRS office.The IRS auditor is not surprised when Ralph shows up with his attorney.The auditor says, “Well, sir, you have an extravagant lifestyle and no full-time ...
Grace Porritt
Sharp Real Estate Lawyer in Boulder Area
I need a Real Estate Lawyer in Boulder that is familiar with taxes and real estate. I will also be working with a sale to an MMJ....that expertise may be helpful as well.
Aaron C.
Looking at a LIHTC Property
Hi everyone! I'm looking at a LIHTC in AZ and just wondering if anyone has any experience with this? The property has about 3 years left and then has 3 years for a De-Regulation period.I'm not sure if there is any tax...
Arpan Solanki
I don't have receipts of expenses for tax filing
I do not have receipts for amount paid to contractors for fixing things. Just Zelle Transactions. Is that enough?
Kurt H.
How long does it take Mecklenburg to process Order of Possession?
I recently filed the paperwork for an Order of Possession against an occupant in a recently purchased foreclosed home in Charlotte, NC. Can anyone tell me the typical time it take for the Court to process the paperwo...
Troy Pauls
Tracking Expense for Real Estate Business Before Business Account
Hello All, I have been working on my real estate business for the last year. However I have not had a business account and have been using my personal funds and Amex for my expenses. So I need help understanding how t...
Lucas Hammer
How to divide common area expenses
I just closed on a 2-flat that I'll be living in and renting out the second unit. I'm tracking all of my receipts currently and trying to categorize them as well as I can. I've read IRS pub 527 a few times and I'm won...
Jeremy Porter
Establishing and Maintaining an Effective Property Management Records System
Efficient property management is a delicate balance between seamless operations and strict compliance with legal requirements. In this comprehensive guide, we'll delve into the key strategies for streamlining property...
Brian Van Pelt
Condo Investment strategy that works.
For years I've focused on the Condo sector for investment while others have shied away by:. Buying foreclosed properties 40K to 70K.. Buying off market units directly from owner. (thru aggressive post card marketing)....