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Results (1211)
Harry Perrette 1031 exchange between 2 LLCs I manage.
23 August 2023 | 5 replies

I searched the forms but didn't find the info that I am searching for.We are selling a piece of property for 850,000. We currently own a building that has a loan of 325,000, with a recent appraisal of 400,000. Both of...

Angela Choi Queens, NY - Need Advice or tax referral
6 May 2019 | 1 reply

Hi. First time poster and first time buyer. Have been debating a bit on whether to buy a ready-to-move-in single family home or a duplex (to live in one unit and rent the other) in Queens, NY that needs quite a bit of...

Joshua Schmidt Closing on our 1st FLIP/BRRRR tomorrow
12 March 2020 | 9 replies

Well, we done it!  We finally got out of analysis paralysis and made the leap!  So I want to break down the deal below, and get a few of your suggestions on what our next move should be AFTER the rehab.Found the deal ...

Bryan Hancock Deduction of Interest on Home Mortgage on the Chopping Block?
14 July 2010 | 38 replies

I have seen several articles claiming that the deductibility of interest for your primary residence is on the chopping block to close our budget gap.

Does anyone know what is happening with this? Who is pushing th...

Jordana Frost Pied-à-terre for W2 job (tax deductible?) and STR
20 December 2023 | 3 replies

Hello!
A friend is exploring a potential professional opportunity that would require her to be in NYC about 2 days a week. To lessen the commute burden, she is thinking about investing in a small property about 1hr b...

Denise Evans Identify All Acquisition Costs Before Buying
20 December 2024 | 2 replies

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs.  Here is a checklist. You might have additional items depending on your market.1.  Cash portion of purchase ...

Ava G. How to command a higher rent?
7 November 2016 | 5 replies

I've bought a rental property recently, my first one, and am looking at similar units nearby for the market rate of rentals.To be able to cash flow, I need to charge a monthly rental of about $800. However, when I did...

Leah Thompson Ordinary income tax vs Capital gains
7 September 2023 | 4 replies

Just getting started… and so much to learn. We bought our first property at a foreclosure auction with plans to turn into a rental. Single-family home with large yard, as we learn, now rethinking our strategy.
If we...

Kevin Thomas Tenant complains of rodents - who pays for pest control?
27 October 2017 | 14 replies

We bought a duplex and several months later an existing tenant is complaining about rodents.  I contacted a local pest control company and they want $100 to start and $45 per month for both units and a 1 year contract...

Alex Grier Flipping as a Realtor or Investor
4 October 2015 | 11 replies

Guy's I'm in class currently to get my realtors license. However, I'm starting to have second thoughts on the benefits to this as an investor; specifically a flipper. The primary reasons I wanted my license was to get...