Michael G.
Possible 1st HPD Violation in New York City - Do you have experience with this?
Folks - I have a question for y'all if you would be kind enough to help out: I may possibly be looking at my 1st ever HPD violation warning . The issue is I didn't even know or think that my building was subject to HP...
Clayton Hucke
Schedule E vs. Schedule C
I purchased a condo in September of 2018. Rehabbed the property in one month. I started marketing the property with availability starting October 12th. I immediately received three weekend bookings and an inquiry f...
Brandon G.
Tax Question
If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a...
Brandon Eleazer
Family member going in foreclosure Would you do a Subject to?
BP,What are the opinions on doing a subject-to transaction with family? The relative is elderly, 3 months behind in mortgage payments, and has already moved into assisted living; so there isn't concerns about saving t...
Account Closed
INFLATION HOUSE PRICES
Is inflation, I mean, fairly significant inflation on anyone’s radar right now?? With all the money being given out and “printed”, is anyone else concerned, or looking forward to their home prices going up? Or is an...
Angel Perez
Pre-Foreclosure Partnerships with homeowners/sellers
If taking over a property "subject to" what would be the Cons to simply having the homeowner transfer the property to an LLC which outlines the ownership percentages negotiated and having the homeowner be a partner in...
Jim Gordon
State of Ohio March fines list
The State released a partial list of March fines for illegal real estate activity. This can be anything from propertry management to selling homes without a liscense. Because of forclosure fraud they are really going ...
Andrew Cameron
Appealing tax assessments and having the value increase
I've heard many times that people shouldn't appeal their property tax assessment because there is a chance that the value could go up instead of down. Has this actually happened to anyone? Or is this a rumour that t...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
Lois Walker
Big loss on lot - what's deductible?
I'm selling my lot at a huge loss but can I also take my years of property taxes and HOA dues, mello Roos fees, architectural plans etc. etc. etc. ? I have a large gain on a condo against which the losses would be useful