I'm planing a trip to Florida to look at some rental property prospects to add to my portfolio that is currently entirely concentrated in Seattle. Since I don't own any rentals in Florida but am going there to look at...
Hi,
I am looking to buy or build a small home with a business below, in the most cost efficient way. I was thinking using shipping containers or someone mentioned modular homes. I would like to know what are the bes...
Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...
Looking for a CPA or accountants advice about the tax implications of fixing and flipping a single family home. When I resell the home do I just pay standard income tax or do I pay capital gains tax as well? Can I ded...
I have many friends worked in convivences stores and gas stations by running the finances of the business I'm interested in purchasing a gas station. Hypothetically here is the situation. Let me know if it is possible...
I have an existing construction business. Looking to get into buy-and-hold real estate. I had a realtor tell me today that he would advise against using a property management company if I have a loan on any properties...
Hi All, I do photography as a hobby but also use it to photograph all of my rentals (4 now) I recently bought a new camera, and I was wondering if that can be deducted entirely, part of it, or any of it. I am also pla...
Hello All,I started (in Oct.) with real estate investing and I haven't done any deals yet and I haven't registered a business entity, I've been getting doing training, have start up business costs, gone to seminars an...
I am currently in the market for a new/used vehicle. I have been debating spending a little more for a larger vehicle in order to take advantage of the Section 179 write off. I already have an LLC that I plan to title...
Hi,When evaluating a deal out of state, how/where should I be factoring in travel expenses (if at all) into the deal analysis?Thanks!Alison