Steven Mitchell
taxes - flip corp selling prop to owners
We have a small rehab and flip company. We are taxed at personal income levels on every flip. So buy for 50k, put in 25k, sell for 100k. Taxed at 40% on that 25k. Putting us all on the same page.Could we sell that ...
John Lyszczyk
Building Small-Multi Family (2 to 4 units)
I am currently studying for my Builder's License here in Michigan and I am wondering if anyone on here has experience in building small-multi family apartments? There is a shortage of attainable homes and housing opti...
Bill O'Donnell
Is there any place in the USA that has no property taxes?
I know that some states have no income tax. Some don't have sales tax. Is there any place in the states that doesn't tax real estate?If so, where?I am aware that different markets tax at higher or lower rates. Just wo...
Henry T.
CPA, STR deductions and losses.
My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level. Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over. STR cannot....
Andy Chen
Section 8 request, how can I respond?
Hi, I am a new landlord.
Sorry if this has been asked. If a applicant is asking if we take section 8, what can I say legally?
My property is not approved for section 8 and I am not intended to apply for section 8 an...
Jose Leandro Gobea
Deduction related with the purchase of a property
Hello guys, I have a question. When I buy a property how much can I deduct in average from that purchase for that year or what thing related to that purchase can be deducted.. ( example: the down payment?) Also, ca...
Frank McGovern
Lender Saying Can Avoid FHA Self-Sufficiency Test
Hey all,
I'm curious what may be happening here and how this could ever be possible. I don't believe it, but just wanting to see if there is any legitimacy to this and if it's ever happened.
Properties would be a 3-...
Julio Gonzalez
What is the Difference Between Tax Deductions and Tax Credits?
Real estate is an investment vehicle that comes with a lot of tax benefits which is why it is so attractive to investors. However, understanding the tax benefits and really grasping the difference between tax deductio...
Jorge Abreu
📍Location, Location, Location
Yeah, I understand, you've heard it countless times. "The location plays a crucial role in determining the success of an investment." Believe me; it's no laughing matter. The importance of selecting the right location...
Regina Lemons
Becoming a real estate appraiser
I've been considering becoming an appraiser. I've owned rentals for 12 years. Can I also get a real estate license? What income levels are attainable? Pros and cons?