Bryan DeSellem
Need help with tax problem
My wife and I are new to real estate investing. We recently bought a duplex and we are currently having it renovated. We will have a fair amount tied up in renovations when we are done, somewhere in the ball park or $...
Dave Ketcham
Cash-out refinancing as a tax strategy for retired owners?
A business partner of mine is in a partnership that owns an apartment building worth about $3M. They've been upgrading units as they've become vacant, which has reduced the monthly cash flow temporarily with expectat...
Peter Paxos
Schedule E: Real or Bogus
Hi everyone:
How can you know if a Schedule E being presented is accurate and not bogus?
Thanks.
Peter.
Zachary Schimenz
Do I need a Real Estate CPA and a different one for my business?
I own a small business, so I already have a tax guy. Now I'm buying real estate investments to rent out to tenants, and I've read that you really should get a CPA who specializes in Real Estate.How does this work? Do ...
Mak K.
Do you use- Annual Property Inspection Services?
Hi,I have one rental property and I am wondering if there are TURN-KEY Inspection services which checks all major items from AC/HVAC, Roofing, Plumbing and other general maintenance issues? If yes, how much does those...
Gregory L.
Investing in Jacksonville, FL
Good morning,
This is actually my very first post on BP. I live in Jacksonville, FL., and have recently ventured into real estate investing. I sold my home in the suburbs and purchased a duplex in what's largely co...
Cody L.
Accounting question: Prepayment penalty
I don't ask much here (and I assume the few times I do, start with this statement) but I'm curious: For those of you that have closed out the books on a property that had a prepayment penalty, how did you do the acc...
Derek Coleman
forming a LLC?
im new to the real estate game
my question is, if an investor forms a LLC how do they go about building credit rating for the LLC or is the credit of the owner or owners is taking into consideration?
thanks
David Johansen
Is there a difference between the property taxes residential verses investment property?
A friend of mine who is not a real estate investor said they knew of someone whose property taxes doubled when they switched the property to a rental. This seems crazy to me but I wanted to run it by you before I disc...
Matt John
Rehab costs - add to basis or take loss that year?
When you purchase a property and immediately rehab before renting out, do you add the cost of the rehab to your basis of the property, or do you take a loss that year? Does it make a difference if you have a bunch of ...