Michael Plaks
No, your tax return has NOT been destroyed by the IRS (yet)
This article seductively titled "IRS destroyed 30M paper information returns due to backlog " is making the rounds today: https://www.accountingtoday.co...Sorry, you still owe money to the IRS. What they destroyed is ...
Edward Rife
Question
This question is just out of curiosity if yr doing a rehab is it possible to work into the budget a cost for a project manager if u act in that capacity and so u can collect a salary while u r rehabbing
Brett Lee
Pay off rentals early OR Pay down Primary house?
I have a duplex that I owe $135,000 on that currently generates me $1000 per month in passive income. My primary house has a mortgage of $329,000. I recently sold our old primary house and I have around $200,000. I...
Kyle Spearin
Hidden Costs
What are some of the hidden costs associated with buying and flipping houses?
Dustin S.
Self Directed Roth after FIRE
I have already hit FIRE and and am well below official retirement age. I am looking to keep investing into a ROTH IRA preferably having one of my LLC make an employee contribution on my behalf. First is this possible/...
Mark Krusinski jr.
Title Transfer for Seller Financing
Hi,
My brother and I are currently in the process of buying a house from my parents. It is a duplex located in the Cleveland Ohio area. My parents do not want to pay capital gains on the property at the moment but ar...
Allen L.
After finishing rehab for a flip, what do you do next?
Hi all,What do you do after you finish rehab on a property that you intend on selling? I see a few options and want to hear what you do and whether you have any other good options. The point I want is to reduce taxes,...
Greg Stetz
Owner financing/Lease option
Hi - I currently rent from the same landlady for a long time. We have a great relationship and the home is located in an amazing neighborhood that my wife and I love. Anyways - the landlady is somewhat of a buy and ho...
Thomas Knight
Depreciation questions that are stumping me
1. If you have started depreciating your property (which is based on the asset value not on the land) and you say, get it reappraised or you refinance it do you start the depreciation process over at the new adjusted ...
Sean Li
IRS Audit Help - Past 3 years 1040
In the past 3 years I've flipped about 1 property per year in addition working my 9-5 job, I just received an audit from IRS saying that I have to pay an excessive amounts in taxes. I'm in need of a professional that ...