I am writing to seek professional advice and guidance regarding a matter concerning my recent apartment purchase.
In August 2023, I completed the purchase of an apartment, which has since become entangled in a series...

Hello,I am looking for some help on the following...I own 48% of an apartment building (located in California) with my parents, who own the other 52%. They want to transfer another 35% of ownership to me. This 35% is ...

Hi folks -- am seeking a RE-savvy CPA for simple work.  Thus far, the firms locally and in Charlotte that have been recommended are not presently taking new clientele.    If you have someone you would use again, and d...

Our W2 income is 150k+, will passive losses carry forward for future use when W2 income is lower?

Hello, I have recently been considering a shift in my mindset from long-term rental property in my local market (Charlotte, NC) towards the idea of short-term rental property in an out-of-state market (that is more af...

A fairly specific question. I have a multi-member LLC in Ohio that my parteners and I use to own single family rentals. I am working on filing federal buisness taxes for the LLC in order to generate K1s, etc. But the ...

I am looking at a bank owned multifamily, 200 units in FL. There is no T12, just a rent roll. Does anyone have a method to analyze this and create pro-forma without T12 expenses? Does anyone have standard pro-forma ex...

Hey everyone, I have a home fully paid off that I live in, as well as currently rent out to one person. If I converted my primary residence into an LLC and then rented to myself (i.e., I'd still live in the house), co...

Hi all, just paid off my first rental property!!  While that's exciting and all, I've been listening to a number of podcasts and doing some reading and I'm feeling a little exposed by having so much equity in a single...

We bought an STR using a 1031 but spent the first 6 months rehabbing before renting. We'd like to move in and understand to defer taxes must wait w years. Does this timeliness start from when it was rented and after r...