Looking at this decent 20 unit apartment complex.  Below are the current break down of income and expenses.  PM fees are also included in Total expenses.  Sales price is $700k.  Loan would be 25% down at 4.5% fixed fo...

Trying to decide how to file our 2018 taxes. Wife and I retired a couple years, except for the part about working all day, most days. We have a house that is and has been our residence for many years. We also have oth...

What should you ask a co-host/property manager when they offer to list, market, maintain, and turnover guests for 20% of gross revenue?

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...

Hi,I'm working with a mentor to purchase my first NPN in OH.We've done DD and are proceeding to purchase.  I assumed that the purchase would be held by his corp and my corporation jointly.  However, he just asked that...

Hello,I am curious if anyone has done a rehab on a historic house. Being a registered historic structure, were you limited in any way? I do believe there are stricter rehab guidelines in regards to maintaining its ori...

I think the correct term is gravel roof. I've seen it on a lot of the old houses in my area. Anyways, have you bought a house with this type of roof? If so, do you replace or keep? Have you tried both and have seen a ...

I manage rental properties in Hagerstown, Maryland. In my Lease Contract with tenants, the Lease says tenants are responsible for paying all of their utilities, including water.  Water bills come in once every 3 month...

The owner bought the building 50 years ago or so because he originally paid $36k for it.  There' practically no comps for a 4 family in that area so myself and my friend(agent) comped it somewhere in the 800k's.  The ...

There are three 33% partners in an LLC and six equally distributed heirs (6).  We'd like to simplify the next generation's responsibility and sell one third to one partner in a cash out deal.  Two partners would remai...