My income is too low to apply for a loan. If I use a Partner to co sign a mortgage loan for me (specifically an FHA loan), am I still eligible for the tax deductions??
Hi, I live in a condominium. I bought another unit in the same building and moved into it in September. Due to the rental cap, I had to wait to rent my previous unit. Finally got the OK to list in December. In January...
Hello,I'm beginning to expand my real estate investing and will need a tax accountant who specializes in Out of State Investing and provide some guidance for the structuring of entities. I currently have one property...
Hey guys, Like many of you my wife and I manage our Airbnb on our spare time, this includes cleaning at every turnover. We try to be very diligent collecting any receipts for tax time however we don't know how to ...
Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
I’m under contract on a duplex and want to make sure I capture all possible tax deductions. Can you deduct home inspection? I had read somewhere that you can roll lawyer costs (title, etc) into basis cost as well a...
We recently bought a house and are operating it as a short term rental. We installed a hot tub, the hot tub itself cost $12,600, along with concrete, electrical and yard work that is another $5k - $6k. We also install...
I can't find much discussion of this, which makes me suspect I haven't actually stumbled onto some magical tax loophole. But what discussion I can find seems to indicate it applies to some real estate activities. Hopi...
For those of you investing in south Jersey, does anyone have a recommendation for a CPA or any advice on finding one?
HelloI am trying to understand taxes on a single family investment. If I have a property where in the first year I have the following cash outflows, what expenses would be tax deductible and what percentage of those e...