Can an s-corp owner /employee /officer claim an amount attributable to his own labor on a flip to help bring down the taxable profit?

For instance, if he did a portion of the work - perhaps the tile, some paintin...

Example: If I buy a 4bedroom property that has a market rent rate of $750 and have a rental lease agreement to my wife for $1,000 who then sublets each individual room for $250 each totaling $1,000, would the initial ...

[quote = Bill Patterson]I actually think it goes quite well in "Investor Psychology". It seems that it has received a lot of back and forth and it has opened the door for the expression of investor psychology that see...

Someone gave me some advice that sounded too good to be true so I want to verify. If I own a home for 27.5 years and have taken the depreciation expense every year, then I sell the house (for easy numbers let's just s...

I own about 16 rental properties.  From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications.  Then there's a long wait...  Is there somewh...

I just read a really interesting article about time management.

The only commodity we have is time, we trade our time for money, and based on the activities we do within those finite chunks of time, determines our s...

Hi, a friend of mine is using Bigger Pocket's editable forms for house hacking roommates. Does a new tenant roommate filling that out in the various signature fields and sending it back over email basically constitute...

I am a FTHB setting up a showing for my first investment property / my first HouseHack in the Quad Cities, IA and IL.I've run the numbers and the property seems to cash flow under my current assumptions (25% reserves,...

I have to attribute most of my success thus far in Real Estate investing to my wife.  I flipped 4 houses while my family lived in them and at last she had enough.  I was told I could only flip houses we do not live in...

So what are yall's thoughts on this scenario:Imagine my wife and I own one rental property, jointly, in our individual capacities. If I gift her my 1/2 interest, terminating my right to that property, does that gross ...