When whole selling, do you pay taxes on the earnings? if so, is it charge as capital gains?

Hey folks,Sorry for the rather broad discussion - I've got a bit of an odd situation right now which is rather time-sensitive, so I wanted to get this out sooner (even in a more broad & vague form) rather than lat...

Like to reach out and get some opinions. I have two multi family cash flowing rentals in Syracuse NY. I have always had trouble getting financed due to my job. I bartend and don’t show much income. I do however make g...

2021 is my first year as a landlord and to save money I'm doing taxes myself for the first couple of years. To avoid doing anything wrong I wanted to double check a few things. Can any CPA's answer the below? I've sco...

Hello, I recently purchased a mixed use property for $390K. Gross income of about $76,800 right now.Income: $76,800Taxes: $9,344.68 (from which one tenant pays back $2251)Insurance: $5,108.00 (from which one tenant pa...

I have been managing my own properties, can I pay myself as a property manager? Set up a different business? Pay my wife?

If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...

During a title search, the seller's (wholesaler) attorney informed me that the current deed (from the original seller) has a clause that states the property could only be used for low or very low income households. Th...

It looks like "flips" in a SDIRA are subject to UBIT. But rental income is not subject to UBIT. What about gains on the sale of rental property? From http://www.nuwireinvestor.com/howtos/how-to-keep-your-self-directed...

I have a single family rental, and I advertised it on Facebook. One potential renter is a highly educated social worker who was recently impacted by a COVID-19 related layoff. When she asked if unemployment was a vali...