Yongjian Pan
Tax write-offs for personal and rental properties
Tax write-offs such as depreciation, mortgage interest, property taxes, and operation expenses...etc apply to both rental properties (property for rent) and personal properties (home for personal living) right?
Aaron Marx
Planning a buisness vacation.
My wife and I have a mmllc for a duplex in iowa. Would my planned buisness trip qualify for tax reasons. We are trying to go to hawaii this coming May for a ten day trip. Would my plan qualify a buisness expence regua...
Dakota Mivshek
Canadian Capital Partner for flips & investments - how to structure?!
Hi there. I have a quite ready & willing capital partner who is a Canadian citizen. Actually a small group of Canadians. If we were to partner in such a way that included them providing capital and our team doing ...
Stephen Camardo
Landscaping overgrown property in Texas
Hi - Looking for some advice on the best way (and cost estimate) to de-foliate an overgrown property in East Texas. Grass is overgrown and unrully. Vines and ivy in chain link fence ect. Some stuff on house. I'm fr...
Gaurav S.
Can seller backout of contract PLEASE HELP
I am a first time homebuyer in California who has been looking for a home for a year and a half. Never been in escrow before as I was always priced out. But finally got my offer accepted but ran into this issue.
Sell...
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Amanda Crawford
New Investors Needing Advice on LLC
Hi! My husband and I are about to close on our first two investment properties in FL. One will be a BRRRR and the other is a flip. We have a HELOC for the BRRRR and an investment loan for the flip. Both are under cont...
Philip Johnson
Flipping but won't be done until next calendar year, tax advise?
Hi,My first post!I have a house that I am doing a full-time live-in flip on. I am complete rehabbing the front unit, and then adding on/converting garage into 2 bedroom house.Problem is, I won't be done until next ye...
Juan Rodriguez
House Hack Form 8829
Hello everyone,I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I bought my ...
Daniel Overby
The Issue of Smoking Tenants
Smoking inside of a home is one of the more expensive types of damage to remedy. Sometimes it can take ripping out all flooring, trim, and fixtures, and adding layers of paint everywhere to block out the odor. Most le...