When I bought my house years ago, the past owner had added a permitted room in front of the garage. I am now converting it into an ADU but this is my first project and I've found out that I started everything backward...

I am motivated and I am all in. I have been doing significant work and I think I found a deal. It is a wholesale from Riverside County. The asking price is $192,5K and I have a comp that is around $434K. For the inves...

Seller wanted me to sign contract and wanted me to deposit the downpayment check to her attorney and now she doesn’t want to sign contract. i did everything from my part. Now she doesn’t want to sign because out of no...

so I hired contractor  to remodel bathroom and he contracted it out to another contractor  who's cotracts bad contractors to to work.I had to have them gut the bathroom again  and do it again.it still wasn't done prop...

Purchased 2005 at 190K and only worth $210K now. Selling. Overall made little money on place with expenses. Renting now. Little worried about Phoenix market and tired of the hassle of dealing with the rent.Total Eq...

I have a question about two condos that I used to live in, but then turned them into rentals.
The numbers I am using are not exact.  I am using them to get an idea on how others determine cost basis.
Condo 1:
I pur...

We got an email today from @Michael Quarles regarding a few emails he has gotten about being mentioned in a forum post when he clearly isn't mentioned.

We need more information on this issue to correct it, s...

I spoke with a seller today who has stopped paying taxes on 5 acres of rural land.  She lives out of state.   She told me that she bought the land from a lady and the lady's sister owned the title company where they c...

Hello all! I have a tax return related question for the community. I have invested in a few multifamily syndications since 2018 that provide yearly K1’s. I just now noticed that my suspended losses from prior years wa...

I was told by a CPA that my 15 year residential rental property will not be subject to 'recovery' since it was bot 2/08/84. It is fully depreciated. He said entire gain will be taxed at 15% cap gain rate. Is this ...