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 ...
My best friend asked me a couple of questions that I simply didn't have answers so I thought to post them here in hopes of getting some clarity. Question about if I'm allowed to keep working at my own company (for fr...
One of my rentals has the washer and dryer in a shed behind the house. My renter just pointed out that only good water runs to the shed and she wants to use the washer with warm water. What are my options for adding w...
Does a “subject to” purchase go on a head and closed on record? If so does a seller pay taxes on that purchase? Or does the buyer simply start making the payments on the sellers behalf and he just has the deed deeded ...
I recently fixed a structural issue without a permit. I’m pretty sure i did it correctly but now i wanna pull permits for the rest of the house. Should i get an structural engineer to say it’s correct before i try to ...
I'm looking to connect with property managers in SE Georgia, Ellabell, Pembroke area.Are referrals/recommendations would be appreciated!!
Hi all
Recently I came across a duplex listed as 2Bed room and 2 Bath and during inspection found out that each side got 2Br and 1 Bath. The money I spend to inspect the property is lost due to the fact that listing a...
If I record an option on a property I have at the court house downtown, will this start title seasoning?
Hi All, Quick question, when looking at Millage rates I see multiple category outside of Homestead, the CPP one seems to be lower so just wanted to make sure I was correctly using the Non-Homestead one.Intention is to...
Hi BP!First post here. I'm a long time lurker. This community is really cool. My background... I grew up in Gainesville, FL. I worked my way through college and realized with my income I could buy a house. I boug...