Renee Lee
And exchange or what?
With an investment property, other than an exchange is there any other way to avoid paying capital gains? I know about living in the property, and that’s not gonna happen so other than that or other than these two opt...
Larry O'Connor
Using 60 Day Newbie Plan Worksheet and Questions
Hello everyone,I am working through this plan just to prepare while I'm looking at properties but I have a couple of questions.In the expenses section I am putting in P&I estimates that I get from Redfin, also the...
Tammy Lewis
Property Tax Question in OK
Hi there, I am from Texas and looking at some investment properties in Southern OK, right across the TX border. My question is about the property taxes, the home is listed for $234,000. The listing shows the property ...
Elizabeth Bates
Escrow adjustment on duplex resulted in $500 profit/month to -$30/month - options?
Hi, all!
I own a duplex (purchased 2017) that I rent out both sides of (at market rates) and refinanced in 2021 for a great rate of ~3%. In 2022, my total mortgage went up by about $400/month due to escrow adjustmen...
Dave Fahrenwald
Using a HELOC Promotional Rate
Last year I took out HELOC on my primary residence to fund a land purchase that fell through. It was a promotional rate of .75% with no closing costs so I had to draw the whole thing to get the rate. I parked the mo...
Dutch Smythe
Something Not Adding Up
So, it is a commerical property. It has 4 units but currently two businesses: one used 3 spaces- the other the remaining.$1917 rent from tenant 1$800 rent from tenant 2 who pays all water. (Long term tenant whose rent...
Hersh M.
Tax filing and tax accountant related questions
How do most real estate investors deal with tax filing? Do you just hire a CPA/tax advisor before buying your first deal or do you do it yourself to understand legal/tax things better? Also do you have any advise/reco...
Steve Wright
Determining Home Depreciation Value from Tax Assessment
This is the first year my prior home became a rental and I understand that depreciation is only for the value of the home. I looked up the tax assessment and the total is less than half of what I paid when I bought i...
Ray Slack
Question New GOP Tax Bill on 20% income deduction 4 passthrough
Quick question.. below is the new proposed GOP 20% deduction for pass through businesses. Is this like a standard deduction? or a cap? So, I have a S-Corp that is a pass through so if I make $100k income and $50k ...
Bruce Clark
Existing LLC becoming a Member of a new LLC - tax question
My partner and I currently own and operate an LLC that owns and manages several residential rental units.We were recently approached by an individual who wanted to invest in real estate. We formed an agreement that my...