Bob E.
Fire Insurance and Tax Implications
We recently had a fire at one of our duplexes in Milwaukee. The upstairs tenant started a fire an while there appears to minimal damage to the framing a total rehab looks like it will run @ 110k.
My question, sinc...
Jennifer Manzella Savva
Finding a good accountant who knows what to do with STR’s?
Hi, I’m very néw here and a little nervous to be posting, so please be nice 😊 We bought a vacation home last year and are using it as a STR and it’s doing quite well- or goal was to cover costs at first, and we’ve don...
Fayyaz Bhinde
Bought a house in personal Name, want to sell from LLC...no?yes?
Hey guys, so some background. I bought a tax foreclosure property under my personal name. I now have a buyer for it, but want to do a quitclaim deed and transfer it into a LLC before selling it next month.Is this a go...
Cody F.
Insurance more than doubled after filing a couple claims!
We have a 41 unit apartment complex, and our insurance was about 12k per year for an ACV policy, but last year we were hit by a bad wind and hail storm which caused us to have to file a claim for the roofs and some AC...
Lisa Casey
How to report expenses on a rental when adding an addition?
We decided to add an addition, master bedroom/bath, to our rental house. It did not go as planned and need advice on how to report expenses with no current rental income on my tax return. The rental house was shut do...
Chris Watson
8 unit - 2 buildings. Need help analyzing
8 unit (2 building) property. Total rents approximately $7075 per month, $85,000 per year. Carports and off street parking. Annual expenses $12,200 (taxes, ins, landscaping, water/sewer, trash). Cost - $499,000 withou...
Jeremy England
Reducing tax liability with f/t work and one rental property
Good morning all, so I recently did my taxes. I used Turbo tax deluxe. Anyway, it was a good year money wise. Better than usual obviously because we owe the IRS about 2800 dollars. I have 1 rental property and bel...
Nicholas Schwarz
Appreciation of a property
If you have a property and you increases the NOI from force appreciation does natural appreciation occur as well at the same time? Say if I held a property for 5 years, raised the rents and increased the NOI while app...
Daniel B.
Renting new construction for a year then selling to save on taxes
Hi, I understand rental properties are not earned income so you don’t have to pay self employment tax on them. Has anyone fixed up flips or built new construction and instead of selling immediately, either rent...
Shaun Ng
Help! Any info on Cost Segregation firm Alan Goldstein
I used the Cost Segregation firm founded by Alan Goldstein after listening to the Passive Real Estate Investing podcast. Does anyone have any information about him?