I have been working on my fIrst RE deal doing a live and flip for the last 3 years and am just about finished with completing the flip. Bought the property for about 90 and put maybe 10 into the property. Local prices...
I am trying to finalize our tax paperwork and I am at the step of reporting the income and expenses of the rental property. I can tell based on the rental checking account what the income/expenses were. How do I docum...
Hi everyone,I have a (complicated) question regarding double closing, foreign investors buying and selling properties in the US, and beyond.Due to our current situation (long story), we cannot afford to have extra i...
What are the tax ramifications of deciding not to rent a rental property and just leave it empty?
This is a property purchased via 1031 exchange, rented briefly, and depreciation has been taken for 3 years.
Long ter...
If you're weighing between purchasing a primary residence and renting spare bedrooms versus buying the entire property, which is more tax write off advantageous. In either case, the idea is to do the short term renta...
Are you torn between flipping properties for a quick profit and investing in long-term rental properties? In this blog post, we emphasize the significance of selecting the right property investment strategy. Whether y...
Hello all! I'm new to the forums and to the idea of real estate investing. I've been doing some research lately on the process of flipping houses and I'm intrigued by it all. I've also learned about using a Solo 401K ...
Hello all you smart people......I have been a stay at home mom (my husband works a 7-5 government job) and commercial real estate investor for the last 20 years. Every year I discuss our return with our tax preparer ...
I am venturing out into buying my 6th rental property and have decided to cash out my 401k < 30k>. I am not sure if other folks here have done it. I will be getting $1000 positive cashflow every all the fixe...
We have been using our CPA for over 10 years. We are W-2 and have 1 rental last year. However, I got my real estate license, and have done some transactions this year, and bought two more rentals. I am wondering if we...