Hi there, when my family and I travel, we simultaneously use that trip to look at potential investment properties. I was wondering, are any of those travel expenses tax deductible?
please forgive me, I am new and still learning.
If I know the investor well is it necessary to assign the contract to him for more then what I agreed to pay the seller? For example, If I agree to purchase the house ...
I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...
I'm looking for an experienced CPA in the Triangle area who has some rental properties of his/her own who can both provide tax return services but can also act as a real estate tax adviser in structuring business enti...
Trying to spell out the benefits of seller financing to a seller. Any suggestions are welcome.
Info: Seller owns the multifamily house outright and has owned it for 40 years. They will be facing a capital gains pa...
What strategies are working for you in this market? Flip, BRRR, Subto, syndication, LTR/MTR/STR - there’s opportunities out there and I’m curious where you’re seeing them in your world.
So I was in a hotel the other day with my wife on a trip. I got to noticing the room we were staying in had carpet squares. They looked half decent. It got me to thinking if there was a spill or some sort of damage al...
Hello, I like my w2 job. I also want to invest in multi family real estate. How would keeping my normal job affect my taxes? I want to essentially invest all money earned from my regular job and invest into real esta...
Hello All, I converted my primary residence where I lived for the last 4 years to rental property in the year 2021. While filing taxes for 2021 - I claimed depreciation on my property which amounted to 21,000$. My exp...
Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...