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Hey BP! What are some ways I can reduce my tax liability on my rental property? After reviewing my taxes, I earned $26,400 in rental income on my property, and all expenses (mortgage interest, repairs, depreciation, i...
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Hi everyone! I bought a house this year and I’m worried doing taxes. Where do y’all start? I obviously want to pay the lowest taxes over time. How do you write things off? Where do I start?
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I bought a house in a foreclosure auction in New Mexico on May 27th. This is my first auction purchase. I was pretty surprised to find that I don't own the house until a judge gets around to issuing the warrantee de...
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I've got a potential deal here and need some advice. Here it goes:
It is a 2/1 Condo unit in Hialeah, FL (a very competitive rental market).
Price: $80-85k (market value ~$105k).
Potential Rent: $1,300/mo
HOA Fee: ...
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Hello Everyone,Piggybacking on another post about CPA recs, I wanted to share my experience with my current CPA and get feedback My CPA does not disclose up front what costs would be associated with meetings, advice a...
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Ok guys, so I heard an audio in a blog of a well known wholesaler, it was a success story. I want you to explain to me if I understand right.
So this guy made an offer on a HUD home, his offer was accepted, he had to...
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Formed a 3-way LLC partnership in 2018 but no business was conducted. How much should it cost to file and does each partner need to file separately? I received a quote for $600 and this seems outrageous. Also, does an...
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I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turbo tax for investment properties b...
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Hi All,I am a newbie to real estate investing in North East Florida and have been watching the podcasts and reading the books etc. for a few years now. I signed up as a pro member a year ago, but just now making a ne...
Hello guys,my partner and i are using for the first time a local hard money lender in the los angeles area. We are borrowing 250k over 3 monthsWe just received their estimated settlement statement which seems to carry...