Elias Hibbard
First Rental Costs / expenses
Can someone please provide a list of all costs and expenses for acquiring a first rental. I am looking for a 2-3 family to occupy and rent out the other units. I am curious about all initial costs as well as monthly c...
Chris E.
Tax help! Closing a sale monday
So we (My fiance and I) are selling a house on monday that we bought earlier this year. We were going to keep it as a vacation rental but decided to sell instead because we need the money to fix another house we bough...
Account Closed
gain on sale of underwater rental property
Hi all- My tenant has just moved out and I would love to sell one of my rental condos. I bought in 2007 as my primary residence for $190kI converted to a rental in 2013 with an adjusted basis of $70kI can now sell fo...
Kiet N.
Tax Sale - What happen to the HO when bank goes after overbid ?
I am reading in the forum that bank and mortgage company would go after the overbid when the amount is large enough, and a question just popped: How about the home owner, who pays monthly into the escrow ? Clearly th...
Skye Parker
Rolling spec house profits into next house. How?
This is probably a bonehead question but I've been talking to some spec home builders and they are paying taxes on all profit from a spec home at personal capital gains tax rate. A heavy hit on a big project. I'm just...
James K.
Can I rent a unit in a 2 family from myself?
I own 3, 3 families town houses in Brooklyn that are used solely as investment properties. I plan to buy a 2 family that seems like a good deAl and good property. My question: can I set it up as a rental property like...
Jeff Eisman
Ideas on a strategy to covert primary residence to rental then buy a new primary
I need some help figure out the best way to do this while not taking the Tax hit and losing the equity we al ready have. What we own currently:Rental property in CO with only a HELOC with a minimal balance. Capital ga...
Andrew Giunta
Thoughts on buying new construction tax abatement properties?
I see so many of these properties and they look okay at first glance. My problem with them mostly is im assuming the value of the property itself depreciates quite quickly especially on year 10 when you have to start ...
Henry Ko
What's the process to buy a third house with a mortgage?? NY
I have a few questions regarding my plan to buy my third house in Brooklyn, NY. My budget is around $1.5 to $1.8 Million for 1-2 family house.I currently have an apartment in Brooklyn, NY (my primary residence) valued...
Christian Tallet
Dayton Tax-Deliquent Property Acquisition
Hello all,I've been considering getting into real estate for a while and as I'm still very young I don't have the cash I need to jump right in yet. But, I was wondering if anyone in the Dayton / Montgomery County area...