Maria Bocanegra
Tax Consequence for house hacking part of a replacement 1031
hello, i am trying to get the numbers correct here - what is the tax consequence %/share/portion for living in a replacement property purchased with 100% of 1031 funds? Lets assume I have 100k of 1031 money.My though...
Branden Vandette
Letting a property go from unpaid taxes and credit consequences
I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved ...
Troy Chronister
Tax consequence of buying out co-owner of investment property?
A friend and I are co-owners of a rental property that we have owned for many years as Tenants in Common. Our long-term tenant is moving out and my co-owner wants to cash out. I am considering buying him out and kee...
Jonathan Pflueger
Down Payment as a Gift and Tax Consequences for California
BP, A family member of mine is willing to gift me $200,000 for the down payment on a owner occupied, conventional loan investment property that I will occupy. The property is located in California and the money is con...
Jason Malabute
Nationwide Rent Control: A Quick Fix with Long-Term Consequences
Rent control policies have been a hot topic in recent years, with many cities and states already implementing their own versions. However, the proposal by President Joe Biden to implement nationwide rent control is a ...
Katy Nguyen
what are consequences of not paying property taxes on land?
Consider this scenario:A seller is tired of paying property taxes on his vacant land. He doesn't care to keep this lot anymore. He gives it to you for virtually free of charge. Say he sells it for $1. It's now und...
Kylie Tollios
Consequences of running a STR when not allowed by city?
I, like many others in Denver metro, would love to operate a STR (preferably non-owner occupied). Most cities don't allow STR (yet) or mandate they are owner-occupied, but looking on Airbnb, there are plenty of people...
Kristie Eddy
PD Noise Violation - Can a lease include a tenant consequence?
Hello! I received a lovely piece of certified mail today from Tucson Police regarding our inherited tenant receiving a "Red Tag" on their door for a good 'ol, loud college party. I have no desire to evict this tenan...
Harol Silva
Consequences of walking out of an auction purchase before closing?
Hi guys I’m just starting and learning REI. I won a bid on a property, and took the risk of the property being occupied. There was a label by front door stating the following “We found this property to be vacant and/o...
Danny Shore
what are the tax consequences of having an escrow account
assuming a 100% rental property, what are the tax consequences of having an escrow account through which i funnel all the taxes and insurance premiums (as opposed to not using one)?
my best guess is there is no tax b...