All Forum Posts by: Zachary Gray

Hi everybody,

so just bought my first deal a house hack in Marlboro and I’m in the midst of turning one of the units to rent it out. The rental is a 4 bedroom and I’ve chosen to go the route of de-leading the unit (peace of mind, marginal return on investment, and tax credit).

anybody who has experience with this in the past if you could provide some clarity, is there a state program that will provide some sort of kick back reimbursement? If so do you have to establish the logistics with them prior to execution or can you do it retroactively?

@Dave Foster thank you so much for the help!! I’ll certainly remember to come calling your way years from now

That makes significantly more legal sense. I knew it seemed too good to be true the way that I wrote it up

looking to purchase a duplex to live in one unit and rent out the other in the greater Boston area. I intend to live there for 2 years and then rent it for 3. Having lived in it for 2 of the last 5 years i would be exempt from capital gains upon sale, negating the need for 1031. If I improve the quality of the unit and do cost segregation for bonus depreciation upon purchase, I gain the benefit of the larger tax write off in the short term and still pay no cap gain taxes upon sale at the end of the 5 years. Just wanted to determine if this is allowed? 

Hi everyone I started my own business over the last year and have been able to put aside a sizeable amount of money to contribute into either a BRRR or into a live in self managed multi-family. However, because I do not have two years proof of income lenders won't even talk to me because of the uncertainty surrounding covid regardless of the capital. I am looking for advice on creative lending strategies or trying to find someone who may have an interest in partnering on a deal.