Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certi...
Hello,I'm getting ready to finish a new build and I'm having trouble deciding if I should live in the house for 2 years in order to benefit from capital gain taxes and have a large chunk of equity or sell it and make ...
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
There is a tax deed auction in my county next week that I will be participating in. A property that I am looking at has a very nice fourplex built across two distinct neighboring parcels. Each parcel has its own APN a...
I have a small apartment building worth 1.4 million and wonder if it's possible to do a 1031 exchange for, say, 4 houses for around the same dollar amount. Then sell each one after living in each for 2 years to avoid ...
Hello, I am 23 years old and me and my brother have decided to go our seperate ways and are dissolving our business. Now when I cash out I will have about 400k to invest, buy property, start up another business etc. I...
I am building a house this year. If I build a basement apartment, can I write off a portion of the expenses it took to build the house when I go to do my taxes for 2024?
We purchased 11 lots across the street from our homestead Approx 20 years ago in order to prevent building and overcrowding. We are now disabled and maintaining the land (in city limits) is becoming too much, AND prop...
I have recently received the Tax Deed to a property which I purchased at the Delaware County PA Upset Sale. My plan is to rent out the property and refinance the property as soon as possible. I have a few questions re...
I've never sold investment real estate before so I'm unfamiliar. I have a $2M building I bought for $935k, 3.5% down. It has ~$580k left on the 3.25% mortgage. Someone wants to buy my unused development rights for ...