i was just informed by my CPA that i cannot write off expenses that incurred against my rental property when you make over 100k?  is this tru

I have a partnership who purchased a house (through loans by the partners) in January 2018, started rehab but ran out of money.  They incurred expenses plus purchase costs, which left no money to finish the rehab.  In...

I have an LLC setup for the purchase of properties to rehab and rent out. I have been keeping track of all of my expenses. If the expense is directly associated to a rental property, I tag it as such and have it repor...

Hello everyone,

I have a quick question:

What if you are a full time employee (W-2) and have done a couple of flips under an LLC and incur a losses in the current year. Could you deduct those losses against your W-...

In this market i don't know what kind of loan or line of credit i should go with. Lenders are giving me 3 million LTV.
Should i do a line a credit buy a building cash and refi and repeat?
Should do 30 year Amortizat...

Hello. I currently have an LLC for my flipping business. I have taken some time to educate myself on the strategy and I am now ready to dive into it. I also have a desire to get my first Airbnb with plans to incur mor...

There is a great article on FIXED COSTS - Purchase costs, Holding Costs, Selling Costs. Purchase costs include inspection, closing costs, and lender fees. Holding Costs include mortgage or lender payments, property ta...

I am looking into purchasing a house for 120k. I am, of coarse, aware that I will need to have 20% up front (24k) because it is an investment property. What other cash costs can I expect to incur on the front end?

Hello,

Do I have to report my bird dog fees that I collect to the IRS?

Thanks

I'm supposed to close on a deal tonight where I am getting a 53K loan on a property.  The broker is saying that because the loan is so small that I will have to be responsible for paying the broker's commission. Total...