Hello, I have a 1099 S taxable gain deduction question.Background:I own two homes free and clear, I’ve owned property A for 12 years and property B for 3 years. When I purchased property B I moved in it to rehab it fo...
I talked to my CPA today and found out she wont file the correct amount of depreciation on my tax returns unless I show her all the receipts to corroborate. I own 6 properties and all of them have capital improvements...
My wife are in the process of closing a single family STR (first one is in FT Lauderdale) in Blue Ridge, Georgia. I think we have accounted for most things.....location is good with mountain views, great condition...w...
Hello fellow BP folks. I’m finishing up an extensive four unit remodel and I asked my accountant about which specifics I need for cost segregation she said ‘what is that?’ I then asked how much RE she owns.... you see...
Hello All,
I am considering purchasing a home (home A) with a FHA loan to avail of all the benefits that a FHA loan has to offer and then move on to another property (home B) and do the same again with the FHA loan.
...
I am looking into how to properly document my time to make sure I qualify myself as a real estate professional in the eyes of the IRS in order to write off my passes losses off against my active income. What do some o...
Hey, I'm looking at buying my first STR and im just wondering if anyone can corroborate the accurateness of Airdna. Also what are some other good ways to estimate that you like to use?
http://www.investopedia.com/articles/pf/07/refinancing_mortgage.asp#axzz2H8V7K2FB
I built an amortization table to corroborate his "net worth" numbers but there are 2 conceptual issues I need further elaboration on.
...
We’re negotiating a few properties at the moment that we’ll be BRRRR-ing. I read a post on IG where someone was saying the non owner occupied mortgage rates are a point higher than they previously were and are on the ...
I'm wholesaling apartment buildings and connecting with brokersIf i tell them that my criteria is 10% Cash on Cash return and at least 1.4 debt service, how would they be able to know without knowing my financing?