Account Closed
Split income 50/50 if property only in 1 name
Good evening,I have a question regarding Tax matters. If a property is only in one name (even though it was purchased with the money of two persons) and both persons receive income is it possible to declare these prof...
Wihan VanWyk
Questions on management companies for first property
Hi Everyone,So I recently acquired my first buy and hold property (2 bedroom apartment). Since I am currently residing far away from where I bought the property (My home city), I need to find a decent management compa...
Aaron Moayed
Anyone Actually Able to Depreciate?
It seems like a lot of people here are getting about $100-200 in + CF for SFR. Anyone have tax strategies to take advantage of being able to depreciate the property? Depreciation allows for much more than this, so I’m...
Randall E Collins
Property sale proposal
This post is directed toward professionals who know real estate in and out. I own land and a fairly new mobile home in Henderson Co. Texas. I have stage four COPD and I'm not expected to live much longer. My daughter ...
Brad R.
Do I need to provide receipts: damages$ pulled from deposit
For damage done to a property, do I have to send all receipts for each fix for damage that a tenant does or do I just have provide the category name and total?Example: Tenant runs into garage door. Can I just put ca...
Jerry Poon
How to place a property in trust?
I have a SFH that I would like to place into a trust. How would I go about that? Do I have to reach out to a lawyer or something? Or what kind of professional would handle that?
Any recommendations on who to reach ou...
Brandon Yuan
Inspection for a 30 units Apartment
Hi all:I just got a 30 units apt offer accepted. Now here comes the fun (hard work) part. I have a few questions regards to physical inspection during due diligence that I'd appreciate some inputshould I just walk eac...
Diego Mishler
Passive Income Tax LLC
So I was reading an article where they were saying that money received from rental properties for example is considered passive income. My question is, if I have an LLC which I want to own my rental properties and th...
Sean Li
IRS Audit Help - Past 3 years 1040
In the past 3 years I've flipped about 1 property per year in addition working my 9-5 job, I just received an audit from IRS saying that I have to pay an excessive amounts in taxes. I'm in need of a professional that ...
Emilie Pa
Which professional to contact for transfer of property
Hello everyone,
My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the tr...