I have had a loyal tenant (tenant A) of 17 years who rents one of the rooms of my rental house. She had not given me any issues until now and it involves usage of the washer and dryer. Tenant A doesn't get along with ...
I own a lot currently worth about $850,000. I want to sell it for $1,75 mil with a contingency that I would design and build a house on the property to suit the purchaser. I would ask a down payment of $300,000 follow...
I'm pursuing a deal that requires I work with an agent, how exactly does this process work?
Happy New Year!Hope everyone is as excited as I am for what 2020 has in stored. The possibilities are endless right? Since our favorite season is underway, tax season, I wanted to start a discussion about your favorit...
Asking price: $39k
Rehab: $15k
ARV: $85k +-$5k
On paper this looks like a good one, but I am a little scared because it's my first flip. I am paying cash so this should minimize some fees.
I also want to ask what s...
For all the flippers out there or tax pros.... What are the income tax considerations related to house flipping ? Specifically how is the gain or loss on the ultimate sale calculated is it ( my purchase price plus r...
Should I reimburse them?
If a raw land parcel was sold at a profit, with the seller owning this parcel for more than 1 year, with the seller being in a 15% tax bracket ( from regular job ), would there be a capital gains tax liability ? Selle...
I recently acquired a small commercial building that was built in 1889. This bldg has essentially been in operation most of its 125 years. I am not a developer, and therefore have no plans to refurbish this building,...
I have finally gotten my first property under contract and should close the end of the month or by mid Oct. It will take me less then a month, I hope and pray to rehab. The question I have is how to avoid paying the...