Dan Green
1st Position Heloc for Rental
13 January 2025 | 4 replies
Since there is a co-owner, you would have to purchase the property and it is really hard (if not impossible) to pull a HELOC as the basis for the purchase (since it is not your primary residence).
Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.
Diane Tycangco
Loan on Property 1 for Downpayment on Property 2
1 January 2025 | 4 replies
If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?
Ilia Zakharav
Convert 6 unit multifamily into condos and 1031 individual units
6 January 2025 | 1 reply
planning to list them for 2024 taxes as 6 different properties and when rehab will be done , I will get all 6 deeds, can I sell individual condo and 1031 based on basis I will show?
Tim Tafel
How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
11 January 2025 | 2 replies
A platform that updates their data daily or weekly is covering a staggering cost in order to provide that to the end user.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.
Mike Daniels
Carlsbad Flip Property
7 January 2025 | 0 replies
Would like to hire more daily workers to decrease time.
Brandon Elliott-Pandey
Have you heard of Down Payment Assistance (DPA)
14 January 2025 | 2 replies
Brandon,Great program I try and promote it daily and if more younger people knew about this in advance it would help shape more real estate investors.
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
@Bob Dole Two other benefits of CSS and accelerated depreciation via a cost segregation study: partial disposition and the death step-up basis.
Jason Allen
Subletting Expense deductions
3 January 2025 | 2 replies
If you're buying it shortly and THEN after you own it will it be ready and available for rent-the costs will be capitalized and accounted for with the basis of the property as well (when you eventually buy it).