I've had the same person do my taxes for the last few years, but he seems to have disappeared this year. I guess I shouldn't have waited this long to reach out to him, but in prior years I'd set an appointment with hi...
I always see discussions where investors ask about creating an LLC for their business.How come people never discuss S-Corps? Are they not common in the World of REI?I currently own several S-Corps in other industries...
Hi Tax Experts,I learned in a article that you can actually use the loss created by your real estate investments (of course it's not realized loss) to offset your W-2 wages and other income. Is that true? Is there ce...
I m debating whether it would make sense to build an ADU on the backyard of our current SFH property in South Bay Area (San Jose). Had a few questions: - I understand that mortgage interest, prop taxes, insurance, and...
Hi everyone,
I recently purchased my first duplex with an FHA loan. I started to put together my taxes and ran into a few questions.
1) During closing I paid an FHA premium up front is this deductible in the curren...
Background
My wife and I have lived in a single family home located in Seattle, WA for the last 4 years. We love it, but need to move. We owe $590k on mortgage and could probably sell the house for $900k so let’s cal...
Hello...my brother and I will be inheriting a single family residence and we will most likely sell it...I do not believe my brother will be interested in owning investment real estate but I would like to re-invest the...
Hello,Last year I went to an accountant that someone else I knew had worked with and his reviews seemed to check out online. Unfortunately, he clearly didn't know much about income properties and overlooked a lot of ...
Hello fellow investors - Have a current dilemma with a single family property that I own and have owned for many years.
Do I keep it and continue leasing it, or do I sell it?
Here's the scoop:
App...
I am just getting started and have already acquired a great cash flow rental property as well as 2 houses to flip. I like to do things right and I feel now is the time to setup my business structures to be the best in...