William Huston
Is my Accountant correct, rental property question?
Hello All, I am looking for some advice or maybe assurance that the accountant I have been using for the last few years is actually correct with the questions I have been asking him. I reached out to my accountant reg...
Roshan K.
Book recommendations while waiting to build up capital
Hello BP, what are your book recommendations? It doesn't have to be real estate if it's a really good book that will help out in some other way.In the past couple months I've read "The book on investing in real estate...
Mohan Deep
Tenant moved out, filed for bankruptcy
My tenant moved out but left a lot of damage to the property. After they moved out, they texted me saying that they filed for Chapter 13 bankruptcy and that I should contact their lawyer. They gave me the lawyer's pho...
Shannon Smith
Quit claim deed to LLC
We are buying with a second home mortgage. We intend to use the home personally when we can but primarily for STR. Our plan was to quit claim deed the house from the bank to an LLC after closing but we know there’s a ...
Gustavo Munoz Castro
Looking to subdivide and build
Hey folks. I own a rental property in Seattle (unincorporated King County technically) and it has a 10,454 sqft lot, zoned R18. There is a home on there currently with a huge back yard surrounded by larger multifamily...
Marcus Auerbach
20% deduction for rental income!
This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...
Janet Taylor
Reverse Mortgage
I am considering using a Reverse Mortgage with the house I am in or selling it and using a Reverse Mortgage tobuy my next house. I need more information and a better understanding of Reverse Mortgages in order to mak...
Michael Palmer
Reasonable Construction Loan Terms
I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
Jack B.
Can I rent my house out to my girlfriend then move in with her?
I'm hoping to capture some depreciation by doing so. Plus I look forward to 1031 exchanging it without having to wait to move out again and turning it back to a rental for a year before being able to do so. As it stan...
Amir P.
Seeking Advice on Tenant's Unpaid Increased Security Deposit
Hello everyone,
I hope you are doing well. I have a situation with one of my tenants that I would appreciate some advice on. Here's a brief overview:
I own a triplex, and one of the tenants is an elderly lady who ...