I have $200,000 in regular income for a separate business and $200,000 passive income in real estate investments business and my accountant files them together. Shouldn’t they be filed separately? By filing together i...
I am preapproved but the condo I am buying HOA docs won’t meet Fannie may requirements. Looking for alternate lender. Good credit/down payment and a cash flow positive property in MN
Hello tax experts, I have specific question on filing taxes for Short term rental property (30 days or less). I am not talking about bonus depreciation here. My question - my CPA used to account for depreciation until...
I have a single family rental property that has been rented for two years. I've done the normal long term depreciation of the property.My question: Can I do a cost segregation even though in previous years I've taken ...
Earlier this year we took management of our properties back, so we are now self owned and operated. We have found that many tenants do not take the late fees or notices seriously, many want a payment arrangement each ...
We had an unexpected reinstatement come in from one of our delinquent borrowers. Good news is that we got a decent chunk of money that really puts us in a good position on this loan going forward. Bad news is our loan...
My wife and I are new to investing in rentals. Our first property was a duplex for $35k with new electricals, new garage, new driveway, new fencing and recent roof. We put an additional $5k into it (I did the work mys...
I am doing a Rehab on a property I just purchased to turn into a rental.
The basement has been inspected by B-Dry and they said it is a dry basement, and there is no need for any kind of waterproofing system.
I am...
I'm looking to get started in Real Estate and Bigger Pockets recommends getting a business checking account for each property you have in order to keep the accounting nice and clean.When I went to sign up for said acc...
Our new tiny house has a loft bedroom, with a typically low ceiling. So, we will put a 6-8" mattress up there. I'm debating between a memory foam mattress or a regular one. I found an 8" regular one on Amazon with ...