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TAX QUESTION!I am partnering with an individual to do a live in flip. I would live in the house for at least 2 years (to avoid capital gains tax) before selling. My partner would not be living in the house. Will he al...
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Quick question to the Tax pros out there. I am considering resurficing my rental garage floor with Plyurea and was wondering if this can be expensed or is this an improvement that needs to be depreciated? I suspect ...
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I'm wondering what direction I should take when I get started after re-locating to Chicago.
I will have something in the region of $750k to play with, and I am looking to use it to provide me with an income...
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I have a flip I just finished together with partners. The property is located in prime location and we would like to keep it as STR since selling right now is not the best strategy in that area, but we believe in that...
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Good afternoon,
I am reaching out to the community in hopes to connect with some great people. I originally got into this business because I wanted to earn a living - independent of the corporate environ...
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Hi All,One of my Tenant would like to Sublet the Office. There is only one entrance to this office. Please let me know what is the best way to do this?1. Should I have one lease for both of the Tenants? What if one Te...
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Hey BP,I’m trying to house hack in a very competitive market where multis at a reasonable price in safe areas are few and far between.I am moving to said area in late July and will be there for 4 years. I have signed ...
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So I've been looking at a lot of properties in the Covington, KY market. It is just south of Cincinnati, OH.I know general inquiry posts aren't the most effective, but I'm curious if anyone has any insights into that ...
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Is it possible to do a 1031 exchange on a property that sits in the lease option, where I would take title and then immediately sell to sub-tenant.I have a building that we began renting in 1992 and had a lease option...
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Hey everyone,I am looking into buying a duplex and the cost of the duplex is $300,000 I've ran the numbers and everything point to putting into an offer. Now I would be using my VA loan but I would still like to put d...