Hello Team - what is the best way to switch management companies? We currently have two management companies covering our rental properties and we are thinking of consolidating all into only one of them and halting bu...
I asked ChatGPT (response posted below). They all seem like good questions, what do y'all think? What other questions should I be asking myself before deciding to invest in real estate? What was the most important que...
Hey all,Looking for recommendations for an accountant / tax professional to prepare my 2023 (and beyond) taxes. I own my primary, and rental properties that are in 2 other states, mostly long-term and 1 STR. Hoping t...
Hi everyone,My wife and I have been wanting to buy a place in NC for STR / personal use a couple times a year to visit my family. We saw an off-market listing on Facebook in a local market type of group. 2 red flags r...
I am looking to understand if development and construction hours for new multifamily project are eligible for material participation to earn real estate professional status the year it comes online.I have land and loo...
I have a beautiful 6 bed 5 bath 3,864 sqft upgraded home in Allen, Texas, that has been in the market for 83 days. Everyone who views the house says its a beautiful home, well kept, priced right, but the master is ups...
Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...
Cost Segregation in Real Estate:
Real estate investments offer a path to long-term wealth accumulation, but the tax implications can be complex. Fortunately, cost segregation is a valuable strategy that real estate ...
I would appreciate some practical feedback on fixing and flipping REO properties. Any feedback would be greatly appreciated!
The home inspection report shows some defects in the Electrical, heating system, and AC duct defect.
What is next step?