Eli K.
Which Expenses are fully deductible on a rental property?
I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
Joshuam R.
FL SMLLC > EIN > AS INDIVIDUAL OR CORPORATION
Hello all, will be continued full time W2 employee but also starting new LLC single member. Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or...
Ayana Morali
Question about avoiding Cap Gains when selling a rental
Hey all, I'm curious to get your thoughts...
I have a rental property on the other side of the country. I bought it 4 years ago and it's been nothing but a pain (I have another rental not far away that's been much ea...
Lesley Resnick
CPA - HELP! TAX planning questions for BRRRR
I am starting to do my tax planning for the year....ERRRRI am trying to figure out how much I can deduct from a BRRR project. I am not clear on the de minims vs 179 vs bonus depreciation vs 27.5 years depreciation My ...
Account Closed
Selling/transferring house to my mother - cheapest way?
I purchased a house less than a year ago fro 280K. Since then it appreciated by about 20K. Also, I put in about 20K of improvements in it.What's the best way to make the transaction and minimize the tax burden? Should...
Anas B.
Inadvertently won auctions, closed on properties, now what?
I was wandering through the listings of the real estate auction website, auction.com, last month and placed bids on two properties I didn't think I would win. Well, when the auction ended on the two listings, I ended...
Steven Zoernack
Will RE hold up this time if stocks tank ???
What does everyone think ? Will commercial real estate hold up this time if stocks tank again or has it all become “risk on”’or “risk off” where all asset classes become correlated ???
Edwin De leon
Why Should I Buy MF Upstate NY if So WHY ? ( INVESTOR ...friendly agents pm me )
I am considering buying upstate NY. I am from NYC, priced out of NYC for investments.Why do you recommend buying upstate NY ?What are the areas upstate NY I should consider buying MF and why ?What are the B & A ...
Anupam Desai
East Lincoln Park luxury condo market
Hi all, I'm considering a move to Chicago and interested in hearing people's opinions of luxury condos in a prime location like East Lincoln Park. What I had in mind was relatively new construction places, 3/4 BR in a...
Patricia Via
Help with 1031 involving SF rental exchanged for two land lots, want to sell lot
new to this site, hoping to simplify whether I should sell a lot purchased when sold a SF rental back in 2006. the gross sales price of the house was 165K, but the net was closer to 151K. We did a 1031, purchasing tw...