Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Charles Carillo
Biggest Issues for Foreigners Investing in US Real Estate
What are the biggest issues/problems that international investors are experiencing when trying to invest in US real estate? Is it mortgages, entities, taxes, banking, legal, property management etc.?
Kevin McDonald
repair fixes before or after first tenant moves in (tax benifits)
I just purchased my second rental house and I am getting it ready for my new tenant to move in. I am doing the standard (fixing up the inside (painting, minor repairs, etc now). I plan on keeping this house for at l...
Angelo Llamas
when to get CPA
quick question before investing is it prudent to find a CPA before acquiring a property or is after okay
Rene Bee
CPA wants to see previous tax returns before intro call
Hi Everyone,
I am currently looking for a CPA with real estate experience. Please send any recommendations. I reached out to 2 CPA's and both said they wanted to see my previous returns BEFORE setting up an intro ...
John-Michael Esposito
Bought Some Liens with a Prior Lienholder... and I Have Questions
BACKGROUND: Today I bought three liens at auction, all of which are for vacant land owned by the same owner. (For reference, the land is located in southern New Jersey.) On all three, there is an investment company wh...
Muks M.
Cash Payment to Contractor
I will be signing a contract with contractor tomorrow for home repairs prior to renting (hoping I can find tenant by Feb 1). Couple of questions:1. Is paying by cash a good idea for ~$2000 repairs as the contractor is...
Shalinder S Dang
Selling my home and 1031 exchange
I have a home that's being rented since Jan 2020 and but I was living there prior to it. I have a 2nd home where my parents stay. I have since moved with my parents since Jan 2020. In 2019 and prior years I have re...
Dane Porter
VA home loan and future rental income question.
Hello,
I am currently in the process of purchasing my second multi unit income property. I have established 2 years of landlord history with my current property and been at my job as construction worker for one year....
Rance Craig
Capital gains (sorry if repost)
Hi,I am in the process of selling a rental property. this was formerly my primary residence (3 of past 5 years) and has been rented for 2 years. it is paid off and I will net around $130k prior to taxes. my household ...