I currently have an 8-unit, 16-bedroom apartment building under contract in New Hampshire. I am working through my 30-day due diligence period and it has been discovered that the private well that serves the property ...
I own a 2 family house in NJ. Currently if I make any repair in the house I can only deduct half of it on my tax return since its 50% owner occupied and 50% rented.
If I open an LLC will I be able to deduct 1...
I have a house I purchased 18 months ago. It was inspected and cleared of any termites. I haven't had it inspected since. I've had 2 termite inspectors come and look over the house. They each told me the house is t...
Howdy,I am looking for ways to incorporate known costs into a Texas standard TREC condo form between myself and the seller on an off market deal. I have a list of things that I want done, so I would like to include t...
so I want to flip with my contractor I have some questionsI will buy house in my name all cash with my moneyContractor and i split profit in eventual sale of house Fifty/fiftyHe invests his time and work I invest mone...
just flipped my first homr and neted about 30k
if i now use this money to conver my current home to 2 family. would that work as 1031 exchange ?
Hi All,I'm going to need to do a bunch of legal and inspection work prior to buying a multi home project. It could run up to $10,000. I was wondering if it makes sense to form an LLC now so that I can pay all these ...
Hi All,My husband and I have done a couple of "slow flips" in our personal names in order to take advantage of the capital gains exemption. We are now considering buying property in Louisiana (with a promissory loan n...
Came home from a holiday trip to find a gift package and early rent from my 1st floor tenant. As she's my neighbor in addition to being my tenant, I took this as more of a "neighborly" act than a "tenant" act. However...
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...