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Some history: My brother and I purchased a home in a closed bid tax sale, and we've been working to get it rented. We bought it in August 2012 and have been making repairs and funding it on our own. We each have ful...
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Hello, I close on a property on OCT 15th... I have a sizable chunk of cash to place for my 1031 exchange. Looking to partner with someone on a multifamily project or invest in a syndicate if they provide a TIC structu...
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I believe I will be initiating a 1031 Exchange on behalf of my client soon (offer is submitted on Upleg), and I wanted to get some clarification on two questions:
QUESTION ONE:
She is low on cash for reserves in her...
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I bought and furnished a new rental property in 2019. I did use bonus depreciation for the cost of furniture, but I lumped the property improvements (mainly new hvac, water heater, windows) in with the building and ...
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I read in a CNN article that depreciation expense can now be deducted from all other types of income with no limit (See below). Does anyone have a good attorney or CPA who can verify this?
```Now here is what chan...
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I would like to hear from the experts on this one; here is my story. In January of this year I closed on a house with a buy and hold strategy. I did an HML and then into a conventional loan, I rented the house an...
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Hi gys -I am planning to sell my Investment Property that I bought in 2012. I'll do an example below just to understand the taxes payable.
Can someone with real experience relate if they really had to pay these taxes...
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Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik
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Hello,I recently acquired a few tax liens in Alabama via the county tax lien auctions. After browsing this site and several other google searches, I can't get a clear idea of the how to take possession of empty lots ...
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My business partner and I bought our first deal about 1.5 years ago. We had to rent it at a slight negative cash flow, with the rent paying for the mortgage payments, but not covering the tax payments totally. The r...