Parker Steele
Why didn't J Scott estimate for any flipping Capital Gains tax?
I'm reading J Scott's The Book on Flipping Houses, which is full of great information, but he leaves out Capital Gains tax from the Rehab Analysis Worksheet. Not only that, but there is no mention of it in the entire ...
Harry McNamara
How many Real Estate Agents are filing as S-Corp?
My wife and I are a team of agents, and with the new year beginning, I'm looking into creating an S-Corp for our finances. I'm aware of the pass-through structure and how it might work, but I'm curious: How many of yo...
Jerry Hodges
Estate property purchase
I’ve come across an abandoned house. According to CAD it’s still under the deceased estate and there is no address listed other than the property address. The owner passed away in 2007, were never married, and two sib...
Brad Scott
What is the best way to deduct expenses for AirBnB's
Hey short term rental owners,
I'm wondering what you would suggest in order to be able to deduct expenses of running your short-term rental business, i.e. furnishing the rental, management fee, etc. Is it easiest to...
Jessie Stafford
VA has no record of foreclosed property??
I am a newbie, and the first house I am looking at to purchase is a turning into a complicated one. Here is the story: Any feedback is welcomed :)I live next door to a foreclosed residence. From what the neighbors hav...
Carolyn Morales
Unauthorized Advertising of our Property
We bought a tax lot and it is recorded 4/5/2017. Today we found a scammer advertising our property for sale as he has many tax lots advertised that he doesnt own and will find a buyer before he orders a tax statement ...
Johnery Laurimore
Myrtle Beach Vacation Rental Taxes
Has anyone dealt with the personal property tax on Myrtle Beach Vacation rentals? Any exemptions for nonresidents? Other random year end taxes?
Ilona Kovacs
When buying property for oneself... what is more important
Hello All!I need some advice for buying property for myself (resident occupied).I am in the process of looking at condo's and I want to know what is more important to look at the price or the tax rates?I know that the...
John Gonzalez
Looking for a real-estate informed CPA or Tax expert to avoid or offset W2 income?
Hi, thank you for reading this,I have a low performing STR, on which I have incurred losses in 2023. From this Dennis Karlton video: https://www.youtube.com/watch?v=yfz6kyw3W7k&t=692s; I've taken away that:1. Loss...
Dan Bui
Delinquent property tax hurt credit?
I would like to know if the delinquent property tax would be reported on one's credit report. Does anyone know how much the redemption penalty and fee are in CA?
Thanks