One of my properties has been hit with some code violations since it’s a pretty old house. Approximately 50-70k will be needed to get it up to code. If I were to get a personal loan to pay for the these home repairs, ...
Has anyone ever performed a quiet the title law suit in Alabama and won or lost? If so can you give a run down of your case and the outcome? Also as many people that have and are will to talk about it please reply, be...
So I have an extremely motivated seller wanting to get rid of a 3-family property for 500 dollars. It's in extremely rough condition, but could be a decent cash-flow property if done correctly.
The problem as...
Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...
Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...
WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift th...
For a lack of a better way of asking, what is the best way to avoid / delay the capital gains tax from the sale of a flip house? When I spoke to my accountant she said that the 1031 was used as stated for an exchange...
We are interested in diversifying our investments and investing in the live animal production agricultural sector in MT and or surrounding states. We are presently considering cow/calf live stock production with the ...
Today my CPA told me that I cannot take the full amount of depreciation on my rental this year because my adjusted gross income will be over $150k. He said we can defer the deduction until we sell the property or AGI...
I'm wondering if it makes sense to do a cost segregation study if I'm a W2 employee and don't have REPS. I would be looking to do this for a townhome that became a rental in 2021 but I don't foresee myself moving into...