I loaned a large sum of money to a friend's business LLC and he has defaulted. Can I claim the loan loss on my taxes?? Unfortunately for me, the loan was unsecured but was documented in a Promissory note..........live...
Does anyone know of, or able to recommend a Colorado CPA that understands the SDIRA investing profile?
I Have a condo that I use as a short term rental in Panama City Beach. We have a massive special assessment dropping and we are told it could take months to fix and the city said we cannot be in our building, it is a...
Hi, all. Would anyone be able to recommend a tax professional with experience working with first time home-buyer/investor in Castle Rock, CO?For background, in 2022 I purchased my first home and moved from Texas to C...
Hello Everyone, Question: How do you determine how much Ernest Money(If Any), should you leave for a Deposit? I was close to getting a property under contract but the seller wanted me to deposit $500.00 dollars. He w...
curious what the best option to return a security deposit is money order the easiest? thanks
Hello everyone this is my first forum post to bp. I'm a newbie REI currently working towards getting my first property. I was interested in flipping first but i gravitated towards renting first instead to possibly gen...
Have been building out some financial models and want to make sure Im doing this correctly. When formating your Profit and loss statements do you include an allowance from gross potential rents for all three of the fo...
First post, asking some advice while I continue to read over these forums. What I have:
1rental MH owned outright. $500/m
1 Heloc (~80k available)
LLC $0 in account.
What want to do is use heloc to fix and flip, ...
Anyone know the estimate cost for a sf around cleveland height insurance? Trying to figure out if number make sense or not. Thanks. About 1.5K sqf 3b1.5 b