I have done tax prep for 7 years and the rentals are always a low value, high input tax return. The client thinks bringing in a wad of receipts is legit and you're stuck categorizing everything in excel while thinking...
I'm about to put my primary home up for rent and purchase a new primary. I own about 70% of the home. Question and I can't find a straight answer anywhere.Depreciation on the rental- I realize its over 27.5 years- is ...
I want it not necessarily to become a realtor, but more so to provide a slight advantage to myself financially to both the purchasing and selling of real estate but also to gain access to MLS listing.First, I'd like t...
First post so be easy- Cental Texas residentI'm about to pay off my home, (or possibly hold off- owe 45k at a 2.75% interest rate) and would like to start renting it out, and purchase a new house to live in.I'm readin...
I am looking at a short sale with list price of 59900 with tax appraisal of 72k/eppraisal of 68k. Realtor sent 30 day comps for the past 6 months of 35 to 37k. Needs about 10k in repairs. I was wondering if 23k is a ...
So my wife is a stay at home mom, and I make just enough to be over the MAGI limit. I’m about to rent out my current home and buy another to live in. She will be pretty much be handling the rental property- is there a...
Will be interesting to see how this plays out as the trade wars heat up, snippet of the article below:Chinese investors have become net sellers of U.S. commercial property for the first time in a decade, reflecting Ch...