Blaid Butler
Probate, 60k equity, first time home buyer, tax mitigation
Hi everyone,First time posting and am new to this world. I have an opportunity to buy my grandmas property at 341k and is valued at ~400k. We will have to go through probate to become administrator. My questions is, a...
Kate McClinton
Second opinion from another CPA?
Has anyone ever questioned what their CPA told them and gotten a second opinion from another CPA? I currently work with a CPA who does not specialize in real estate tax, and I'm second guessing some of the answers sh...
Carl L DeCesare
Do you have to pay capital gains tax on stocks if you sell and reinvest in real estate?
I began putting aside a percentage of my modest paycheck and doing side work to come up with additional money to invest in the stock market starting in 2008. From 2008- early 2014 I made very nice gains but they have...
Thomas Harr
Buy and Hold..... OR Sell?!
Hi BP,
I want to start off by saying I am primarily a buy and hold investor here in Columbus, Ohio.
With that being said, I could use some "advice" on what some of you ladies and gentlemen would do in my situation...
Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Kathy Patterson
Question for CPA about using IRA
I am interested to know how using a tax-deferred retirement account to purchase a rental would affect my ability to use depreciation. On the surface, it seems that you would not be able to depreciate an asset in a t...
Tuee Chanthavong
First Mobile Home Flip, What to Avoid, Need Tips from Pros
Just picked up a Mobile Home in Denver suburb. 2/2 "full-gut" rehab. What should I avoid doing to this mobile home that I typically would do on a common SFH flip?A few thoughts:
It has wall paneling, can/should I rep...
Jason Chambliss
Any hidden cost when getting into rentals ?
Are there any hidden fees or things to watch out for when dealing in rental properties. Mean like tips, trick, or fees they don't tell you about ?
Michael Nahm
Potential tenant with awful credit
I have a property up for rent and received an application from a very eager gentleman. He gave a really nice impression, has steady employment and has been renting for a few years at the same place.However, he has aby...
Jenna Stonecipher
Inherited a tenant with fleas
I bought a 4plex last month that has only 1 apartment rented. While doing work in one of the vacant units, it came to our attention that there is a flea infestation. With only one tenant, the source is pretty obvio...