Recently, my aunt did a quitclaim deed to my name. She owns half the property along with a partner she had. My name is currently on the deed instead of hers and her partner has offered $15000 to buy my half out. Will ...
Hello,We bought a duplex this year and have been house hacking. I'm curious as to how tax deductions work in this situation? Since we are also occupying the space how does it work when it comes to mortgage, mortgage i...
Hello,I am looking at acquiring a commercial property (strip mall) from a family friend and trying to come up with some attractive ways to make an offer that. I have had preliminary discussions with the owner (he i...
I went under contract for a 3-flat in Jefferson Park that closes in a few weeks. I’m planning on living in the top floor with my girlfriend, but purchased the whole building solely under my name. Not sure how deprecia...
Tax day is upon me and I'm the idiot who who is waiting to the last minute to file the return, should of had a CPA ..My question is that I did a rehab and repair in the tax year 2016 but wasn't completed until the ye...
please evaluate this investment
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I know the philosophy for many is you absolutely must have positive cash flow for it to make...
Hi everyone,
I'm new to mobile home investing and I would like to get your opinion on purchasing mobile homes that were built before the HUD passed the manufactured housing standards in 1976.
The three possible outc...
Hello there everyone-
I have a quick question about taxable income. Lets say that I make $700,000 in one year and decide to buy an apartment complex for $600,000 dollars.
At this point what is considered to be my t...
Hello, I am in contract for a 2nd home, and plan to rent out my first one. The rental will be a condo and I plan to keep it forever. Are there any good reads on what to plan before converting it to a rental? I have...
Hello, I'm located in Boston, MA. I bought my first property in October 2018. The property has an in-law suite that we currently rent out. I'm looking for a local CPA that has some familiarity with filing taxes when c...