Lisa Misuraca
Help my CPA didn’t expense my remodel costs.
At closing I got my check which is my profit and remodeling costs.My accountant refused to deduct these expenses on my Capital Gains form.He included the total cash received at closing.What can I do? So basically he’s...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...
Zane Paul
Home Destroyed by tornado 9 days after purchase. What to expect?
Bought a fixer upper. Started doing some remodeling, then a tornado came and tore the roof. Water poured into the attic. Soaked the insulation. Ceilings collapsed. Walls were dripping. Cabinets coming off, garage door...
Angel Sanchez
Looking to start an S Corp - Lawyer or Accountant?
I need help with filing for an S Corp. I'm all about saving some money where I can, but I've heard that if something is wrong on the filing it may delay or prolong the process and getting in contact with the IRS or st...
Kevin Sanderson
Remodel Budget Templet
Does anyone have a good template for a remodel budget? Or know where to find a good one.
Something I can plug and calculate with.
Thank you
Kevin
Thomas McNally
Homeowners Insurance- Canceled
My primary residence is currently being remodeled- new kitchen and bathrooms. My contractor eliminated a window in the kitchen and pulled some vinyl siding from the garage to replace. Last week I received a letter fro...
Marcello Di Gerlando
Marquis mixed use retail/restaurant/office analysis help
Take a look at the details below and please give me your opinion using CCIM/Rule of thumb/beer-math/inter web BP analysis and tell me if this deal is worth a closer look or should I shelve it without a second though. ...
Terry E Riggs
Home Owner refusing to pay $24,000 final remodel bill
I finished a remodel for a lady in texas. At the end of the job she refused to pay the final bill stating, "i am disputing the bill so I do not have to pay all of this". She then began to claim items that were not p...
Jennifer Cropper
Homeowners payout and contractor
I have water damage to my home and my homeowners insurance was involved immediately. I used a mitigation company with a good reputation I chose and the insurance company accepted. Their remodeling arm put in an estima...
Benjamin Dutil
Give it out in slices and it comes back in loaves!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $270,000
Cash invested: $19,700
This property was sold to me from a veteran's PR after passing. I was the general c...