Account Closed
Best way to deduct meals, vehicle, etc. on taxes for landlord?
I am actively seeking investment properties (buy and hold) in the Raleigh, NC and surrounding areas (A & B neighborhoods predominantly) and need insight regarding how to structure an entity that is tax advantaged....
Taylor Cook
Primary Residence vs. Secondary Residence
Have a buyer who wants to buy a home in CO, but lives in CA. She plans to rent out part of the time, but also stay there part of the the time. Can she claim this as her primary residence if she is renting in the state...
Peter Sik
Low credit score but with co-signer
I don't have much experience to determine if this tenant is good. So, post here to see what do you think. I got this email from my PM, and i think her credit score is too low but she has co-signer. Other then that al...
Fletcher Caulk
Avoiding a 1031 exchange
I bought a townhome with a VA loan in August 2014 and our renters took over in June 2016. We are considering selling this summer, and I am wondering if we can leave the unit empty for two months so we can take credit ...
Josh Oaten
Reading Mortgage Notes
Hello all,I have been doing a lot of research and study into notes recently and was wondering if I could get some information/tips as to what to look for, and the numbers I need to be looking at when doing the math. E...
Jeremy Keone
1031 Exchange. Net profit or capital gains?
When purchasing the “replacement” property, do we need to purchase a property equal to or more than, the Capital Gains or the Net proceeds?Sell “relinquish” property: $287kLoan balance: $115kCommission, fees: $15kPur...
Eric Lilly
NOI not including Mortgage and Property Taxes?
Hey everyone!
Sorry if this is a boring or simplistic question, I'm wrestling more with understanding the concept or reason for this. I'm currently reading "What Every Real Estate Investor Needs To Know About Cash F...
Lane Mcdonald
Necessary to have someone else do the accounting?
I'm just starting out, about to close on my first deal. Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons. Or is it manageable by the owner and not worth it...
Dan Fields
Do I need an accountant?
Hi, I'm new to real estate investment. I recently purchased a 2 unit home in southern Maine. I couldn't be more excited about the purchase. I moved in Jan 1st but I realisticaly won't be getting a tenant in the other ...
Alessa LeSar
I'm ready to strategize!
2 years ago, I decided I wanted to get into house flipping, so I got my RE license last Jan. I sold 20 houses last year in my local market (ASHEVILLE NC). I wrote my goals for this year and on that list was to put mys...