David Beadles
Section 121 Exclusion for a Duplex when Occupying Both Units
Currently, my mother-in-law lives with me and I claim her on my tax return. I am considering purchasing a duplex where my wife and I live in one side and my mother-in-law lives in the other. If I decide to sell in 2 y...
Dave Peterson
Pool resurfacing at rental
Is resurfacing a pool at a rental property considered a repair or a capital expense for tax purposes? If the latter, what is the depreciation period? Thanks.
Tammy Skeath
New build, 4bd 3 ba pool home in Cape Coral FL
Investment Info:
Single-family residence other investment.
Purchase price: $60,000
Cash invested: $287,000
Sale price: $440,000
This was my first real estate investment. I purchased a lot in S...
Victor Fu
Any Recommendations for Good DST Broker
Hi BP forum,
Hope that everyone is doing well. I am trying to evaluating the DST option as part of a 1031. Does anyone have recommendations on Good DST Broker that I could connect to and discuss further?
Chee...
Jennifer Hollstein
Starting and Creating my business
I am just starting out here. I am in Northern NJ.I have a goal within the next year to buy, renovate and sell 2 single family homes. I would also like to purchase and renovate a duplex or triplex and maintain for rent...
Cheryl C.
Spray-on Granite?
I just heard about a product being used by a large apartment complex company. It's a "spray-on granite" or granite-look product. It costs $200-300 per unit. Anyone using this stuff or heard experiences from others?...
Dan V.
Take over or start over?
I will be partnering with another investor to buy a mobile home park. We initially talked about forming a new joint venture LLC to acquire the property but he's proposing to buy or take over the company that owns the ...
Nicole Wahl
LLC Taxes
If i've filed personal taxes and listed my LLC as self employment is that all the filing that I need to do since LLC's are pass through tax entities?
Derek Daun
Termite lesson - recommendations on a pest company in Sacramento?
I learned my lesson in not taking chances with termite evidence. I bought a property in November where the inspection showed evidence of drywood termites. We got a seller credit towards treating the issue at closing, ...
Dominic Franco
House Hacking Taxes Lesson Learned
TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...