Hi all, rookie out-of-state investor here. I've been definitely going through a learning process after purchasing my 1st rental property back in May 2022, and now have encountered another headache where I almost feel ...
Hello All,As I have been trying to understand property taxes a bit more, I have been confused by the property taxes levied on the building I currently live in. Below is a screenshot of the JC online tax payment system...
Hi all. So I am one of those folks who missed taking depreciation on my rental, but it's been 14 years. Now that I'm selling the property, I found this mistake. I'm filing for 3115 to claim the missed depreciation (...
Please tell me this is as good as I think it is. I feel like I am missing something. I don't have financing yet but will be getting a DSCR loan for it. List price is $675000 but he said that they would accept an offer...
Somehow, 6 out of the 10 most recent posts on this forum today are all looking for CPAs.
Now. In August.Guys, this is like looking for a caterer on Thanksgiving or looking for a beach AirBnB the week before Spring...
This should be fun! :mrgreen:
Morning y'all! So I've been starting to analyze a few properties to buy my first small multifamily, and I noticed something odd about one in particular. It's a 4-unit located in SE Virginia with an asking price of $1...
I have a foreign rental property that's been in service since 2013. I recently found out I could claim depreciation for it. I contacted a CPA and he said I would need to amend my forms from 2015 on since that's within...
Hello Team I am struggling with some numbers here and would love to hear your feedback about the deal with are In-contract.Location: Panama City, FLUnit mix: 2 2bed 2 bath units, 2 1bed 1 bath unitsPurchase Price : 92...
Hey Everyone,
Quick and relatively simple question. I own 1 SFR in addition to my primary home that I live in. With being so new to the game, should I consider using an accountant for taxes this year to ensure Im not...