Brock Roorda
Record Owner Finance Land Sale in Quickbooks
Hello,We had some land that we purchased earlier this year and went through the platting process with the county to subdivide. We sold a few parcels off already in a traditional fashion but I have one that has me scr...
Joseph Pugliese
What is the best way to write off a list of income on investment
I currently have an apartment that I didn’t receive rent for about 8 months ( eviction process) When I asked my account (CPA) he informed me that we would not pickup the income on the property. So we are not paying an...
Dan Trinh
How do you calculate insurance premiums during tax time?
So i'm wondering how do I calculate insurance premiums for tax purposes?Lets say my coverage starts June 15th 2017 to 2018 and its $400, and my next premium is from June 16th 2018 to 2019 for $500. If i'm looking to ...
Account Closed
Is it possible to get step up in basis with shared LLC ownership?
Right now I do not have any ownership in my mom's LLC (she is a multi-family investor in the US) but I will be joining her real estate business in the future. I currently own and run a separate c corp which I will exi...
Amit Dhawan
Commercial development - get this done before signing contract
Hi All,
I'll be pusblishing some quick tips and tricks as well as lessons learned as I start on a commercial development - a shopping center, my first time. Signed the contract for a 2Ac land in April, spent close to...
Malik Javed
Maximizing Deductions on Like-Kind Exchanges with Cost Segregation
Are you navigating a Sec. 1031 exchange or facing deferred tax gains and looking to understand how to optimize your deductions?Today I wanted to share with you how to maximize deductions on like-kind exchanges using c...
Brian Hamilton
Asking for a profit and loss statement
Hello, all! I’m new to these forums, and to real estate investing in general. To get started, I’m planning a house hack in central Florida.My question is this: at what stage is it appropriate to ask the seller for a p...
Jason Lam
Estimating repair cost for long term rental
This may seem like a very basis question but I just wanted to make sure it got this idea correct.So I’m currently living outside the US and want to start long distance investing. I will be purchasing sight unseen so ...
Donnie N.
Best way to look up historical value - cost basis adjustment
Any suggestion on the best way to look up historical comp value of a home?
Background…
1) fahter-in-law sold a home recently. Need to pay the capital gains tax.
2) Trying to look up the historical value of the hom...
John Marland
Would you share your Move out checklist with me?
Newer landlord looking to add a move out checklist to my standard procedures - would anyone mind sharing theirs with me?