Matt Romano
Just SLIGHTLY overwhelmed with taxes this year
Hows it going BP? Alright, I always find my posts to be way longer than they need to be, so I'm going too try and make this as short and sweet as possible.Basically, I've always done my taxes myself (turbotax), and ne...
Scott Berry
Self-Directed IRA Trustees for Syndication Investment
Please share your recommendation (and reason) for a Self-Directed IRA Trustee, specifically for real estate syndication investments. Thank you.
John Chapman
Subject to contracts; declaring interest expense and contacting lender
I have never done a ‘subject to’ mortgage but am considering doing one for the first time. I have a couple of questions:1) Is it wise for the borrower to contact the lending institution and change the address and addr...
Jeff Mitchell
Deprecation never taken and can't claim rental losses
Hello,
I am asking this question for a co-worker. He bought a rental property 15 years ago and has never taken depreciation on that property. Not clear on the reason for not taking it, I think he just had a bad accou...
Adam V.
Seeking Tax Attorney Recommendation (MD Real Estate)
Hi - I recently purchased two properties with a partner (both purchased from the same seller, using a single commercial loan and a single PSA, but two distinct properties). We have the opportunity to sell one of the p...
Dustin Nygard
Filing taxes with a rental property in the back yard
Hi everyone. There are two houses on my property. The main house is 1600 sq ft that my family lives in and the house in the backyard is 800 sq ft and is rented out. We have put a lot of money into our property since b...
Chad C.
Using Self Directed IRA to purchase property???
Hi BP,
Got a quick question for those experienced w/ Self Directed IRAs...
I am looking to purchase my 3rd apt complex. I already put down 10% and started looking for a lender... However it looks like my D/I is slig...
Gavin B. Hicks
Expenses on a duplex
I am 18 and will be buying a duplex to live in during college and rent out the other side. I have found one for $135,000 with separate water and electric meters. Outside of principal, interests, insurance, down payme...
Steven Embree II
VA Househack 1031 Exchange w/ 121 Exemption
Here’s the skinny:I am a veteran with a VA loan for a fourplex in which I reside in one of the units. I have lived here for three years, meeting the 2/5 year requirement for Section 121 Exemption. I am considering the...
Nimit A.
Buying Rental for Child: Tax Benefits
Does anyone know if there are any special tax benefits in this situation:Buy a 2/3 bedroom house and have the child live in one of the bedrooms and rent out the others. Would I file taxes normally i.e. as if I am only...