Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Happy new year everyone!I am in the process of finding a tenant for a unit within my duplex (currently house hacking it), and wanted to ask for the community's feedback on my listing and anything I can do to guarantee...
Hey guys, I got married this year and I’m trying to find my first real estate to buy. Because of the amount of standard deductions I will now get, I was thinking that taxes will be better if I get depreciation instea...
At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!
Due to passing of family member, I own a Bungalow in the Auburn Gresham District of Chicago. The house needs a lot of work. It still has a steam boiler, heating radiators, no upgrades to kitchen and bathrooms. Hard...
I do not include utilities with my rentals as I find it easier to manage and less risk if prices go up or if there is excess usage. However, most rentals in my area include all utilities in their rent. Do they know so...
Proposal to regulate all cash offers to reduce use of RE to launder money. Not sure what effect this will have on investors who make all cash offers or sellers whose RE for some reason does not qualify for traditiona...
Hi, we totally missed the boat to get a CPA to complete our STRs taxes. We only had one single family home for 3 months in 2021 so I decided to tackle myself. How do I implement the numbers I received from DIY Cost se...
I have 32 Ac (all dry and usable) and looking to check if mobile home park is feasible and then develop it. I will appreciate all the input I can get especially a reasonable person to do the logistics including zoning...
Hello All, This is a as-is property I bought from bank and now selling as-is to an investor. My first transaction of this type. It is in mid-west, (MO).I am writing a one pager property sale contract today evening, a...