Debasish Bhattacharjee
Rental repair invoice without tax id - is valid for tax return?
I have a rental property improvement invoice with no tax id. The handyman refuses to provide his SSN. The worth of repair $5.5K. Is the receipt valid for next year's tax return in California?
Jay J.
Mom & Pop.. not Trump
Hello Tax experts! I have a question. (and I know nothing about RE taxes)I'm sure most people have heard the latest headline about D. Trump and his (almost) a billion dollar loss that (presumably) he carried forward...
Mark Nugent
Cut back on 401K contributions to free up investment capital?
I'm just about to close on my first rental property -- a duplex. Currently, my wife and I contribute the yearly maximum to our employer 401K plans to decrease our taxable income. However, now we are considering r...
Rebecca Raskind
Successful Palm-Springs inspired flip in Ladera Heights
Investment Info:
Single-family residence fix & flip investment in Los Angeles.
Purchase price: $1,040,000
Cash invested: $350,000
Sale price: $1,940,000
Contributors:
Samira Mahjoub...
Erica Milano
1031 or Pay Taxes: Selling a Place During Pandemic
Hey All,
I'm currently on the fence of selling my property during a pandemic and wanted to seek for advice.
I purchased my condominium in California about 10 years ago. I initially lived in the property but moved to...
Eugene Rabinovich
Areas to Invest near CLT?
What's everyone's thoughts on surrounding areas such as Rock Hill, Kannapolis, Greensboro/High Point?Semi new to the area (from SC) so I am learning about the surrounding towns. My plan is to house hack first then inv...
Brad Bellstedt
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.I just want to be sure that my expenses look correct and not crazy high or crazy low. Tha...
Greg Stetz
Owner financing/Lease option
Hi - I currently rent from the same landlady for a long time. We have a great relationship and the home is located in an amazing neighborhood that my wife and I love. Anyways - the landlady is somewhat of a buy and ho...
Will Rodgers
Contractor or Good Handyman tax liability
HI All,Alright, I have read J Scott's book and am aware that you want to hire someone who is licensed and insured etc to do my labor for a flip... But I know someone who is really good at rehabbing but is not licensed...
Anthony Sierra
Debt to Income Ratios
Hello - I currently have one rental property and one primary property which I live in. I purchased my primary residence 2 months ago with an FHA loan. My primary residence is a 5 bedroom single family, which I rent ou...