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My wife and I are closing on an owner occupied duplex later this month - tenant is already in unit B. The home is in great shape, but bathroom and kitchen are outdated. We want to maximize deductions and are looking f...
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Hello there everyone I have a quick scenario I would like to mention and see what feedback I get from BP's forum members. Enjoy!
An investor finds a property that is substantial discounted and pays for the property c...
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I recently paid a builder about $4,500 total for several projects at my rental home in Indiana. These were: building a new wood deck at back door, building new staircase in basement, installing a new window, repairin...
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What do you guys do to make sure you are not breaking any laws?Do you obtain business licenses on properties? Ive heard it is important to do.Also, who do you pay taxes for operating your business (Business taxes on y...
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I know REITs are not corporations, but are their shares bought and sold like normal stocks? Also does anyone here know if any REITs in Southern California that specialize in apartments?
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Hello,I am newbie investor and I recently purchased a property at the trustee sale (auction) in Texas in Oct 2014. Am I supposed to pay the taxes for the entire 2014 calendar year or is there a prorated path for deali...
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Hi. I own three vacation rental properties. This winter, I opened a property management company for vacation rentals -- currently I am managing my three plus two others. I'm wondering how to do the accounting... ...
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Been researching this, too. I see different states have tax lien laws regarding redemption. Is this something I can invest in - like Texas or Florida and get properties because of short redemption periods? How much...
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Disclaimer - I type out the notes as I go, on my iPad. Grammar mistakes highly likely.Real Estate LoopholesWritten by Kennedy and SuttonPart One: Being Smart You need to learn to OPEN tax loopholes for yourself and CL...
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I've been talking to several investors, attorneys, and CPAs over the past 6 months about this, including Mark Kohler and Anderson Advisors (Clint Coons' company). I have yet to choose who I want to go with as my atto...