Looking at flipping as additional business. What is the correct way to avoid crazy taxes? Is there one?
Under a form of Sub2 financing (seller financing) where the buyer does not get the title, can the buyer claim expenses on his schedule E? Can the buyer claim RE Taxes if he's reimbursing the seller who then is actual...
If I go to home depot and fix everything my self is everything I bought at home depot a repair or is it a supply since I needed the parts to fix it?Thanks
I am considering hiring a property manager to handle things for the 2 rental properties I currently own. In looking over their fees. It is a little more than I had anticipated but i have a question. Is the 10% of gr...
I manage a property for a client. The tenant is a law firm and is asking me for a W9. Their rent payments are addressed to my company and then I forward to my client after deducting management fees but the lease is un...
Is it possible to purchase a tax delinquent property by offering to pay off the delinquency and purchase the home? For example, if I'm interested in purchasing a property whose owner is behind on property taxes, could...
Has anyone put profit from a flip straight into a Solo401k? Since it is considered active income? Would this be an acceptable way to not pay taxes on that income?
Hi All,I'm looking for CPA recommendations in the Tampa Bay or Central Florida areas. Preferably it's a person or company that has worked with Real Estate Investor companies (of course :) ), assist with taxes, dedu...
Disallowed PAL carry forwards from previous years become fully deductible in the year you dispose of the property.If you do a 1031 exchange to dispose of the property, does that still apply?And what if your current ye...
Is it better to hurry and pay off my rental property or use the equity I have built for a down payment on another rental?