Heather Luu
Managing Your Houses Out of State- Door Locks
5 February 2025 | 5 replies
Have you considered hiring someone to handle this for you?
Garrett White
Cashflow in a Competitive Markets
28 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
John Chapman
Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
I hired my own expert and discovered these issues did not exist but that the expert the 3 buyers had brought in wanted to be hired to do the work so they blew them out of proportion.
Fabriel Ebel
Multi Family to Condo Conversion in Beverly Hills, CA
29 January 2025 | 1 reply
Many carriers are including exclusions for GC commercial general liability coverage and professional liability coverage for engagements involving condos and even stricter exclusions when dealing with conversions.
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
What’s your game plan for managing the park — hands-on or hiring a property manager?
Rondene Wanner
Broker, REALTOR, ABR, RSPS
25 January 2025 | 1 reply
Licensed in both Hawaii and Vermont at the moment, navigating acquisitions and depositions by collaborating the directions of my client with grounded professional understanding.
Steven Nguyen
Advice needed--BRRR- SFH
21 January 2025 | 4 replies
Step 3- hire property manager to manage/look for rentersStep 4- look to refiance out of the hard money loan(how long after having a renter in can we refiance?)
Evan Glasco
Duplex Deal: Owner Finance to Long-Term Hold
2 February 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Victor Yang
Taking a small loss to save on taxes?
19 January 2025 | 7 replies
@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.