James Chen
BRRRR+Section 8 Twist in NoVA?
19 October 2021 | 7 replies
Sorry I don't have any insight into the NoVA Section 8 market but I know the approved rents in the District are extremely high but I do have a question that will hopefully help you out as well...Does the DC Housing Authority do a market analysis on comparable rentals in the area before they agree to pay the amount listed on the website or are the rent amounts listed on the DC Housing Authority what investors are typically getting?
Bryan A Snyder
Seeking Advice on short term rental issue
19 October 2021 | 4 replies
Maybe meet with each of them individually, tell them to call you if there is any funny business and you appreciate them watching out for the neighborhood, but you'd appreciate it if they do not approach the guests.
Samantha Ferguson
1031 Exchange Crowdfunding?
11 November 2021 | 3 replies
I hear a lot about storage units, but I feel at some point individuals will think, how much "stuff" do they really need?
Tim Coppola
Section 8 pricing question
25 October 2021 | 14 replies
Section 8 recipients can pay the difference on rent, but it is up to the housing authority to approve the difference based on their declared income.
Mason Yost
Loans for House Hacking
20 October 2021 | 5 replies
Lots of investors find banks and lenders as necessary evils to acheive their individual goals, so if they make a suggestion about a lender, then the lender is usually a really good one.
Patrick Gilbert
New Indianapolis RE Investor
4 November 2021 | 9 replies
BP is a great resource - you can also connect to local individuals and deals through the Indianapolis Investor Groups on Facebook.Make sure to set your key word alerts here on BP so you can hone in on what you're interested in from the start - best of luck to you!!
Frank L.
Property Management made $1850 Mistake
27 October 2021 | 8 replies
Respond by returning the bill, along with a short and professional letter that says you did not authorize the work and that you already lined someone up to do the work for $300.
Wymeshia Rob
Multi -family house, real estate investing, first time.
25 October 2021 | 3 replies
If you have good credit but little savings there are programs to help individuals fund a down payment and/closing costs.
Joe DeLuca
HVAC Replacement from flooding
20 October 2021 | 3 replies
For tax years beginning after December 31, 2017, and before January 1, 2026, the personal casualty and theft losses of an individual are deductible only to the extent they are attributable to a federally declared disaster [IRC Sec. 165(h)(5)].
Jillian S.
Avoiding Capital Gains on Rentals
3 November 2021 | 7 replies
Any early nonqualified use will forever taint the property and some portion of the gain will be taxable (unless a step-up in basis occurs under IRC Sec. 1014 after the death of the taxpayer)When sec121 qualified property with non-qualified use is involved in 1031: (non-qualified period tacks on)Depreciation: In other words, where a taxpayer's residence is the relinquished property in a tax-free exchange, any gain attributable to depreciation deductions relating to the residence can be deferred until the taxpayer disposes of the replacement property received in the exchange.Gain: The Code Sec. 121 exclusion has to be applied to gain realized before applying the nonrecognition rule of Code Sec. 1031Illustration 1: A, an unmarried individual, buys a house for $210,000 that A uses as his principal residence from Year 1 to Year 5.