Natalie Stanley
Opening a real estate brokerage with a non-broker partner
Hi! I am hoping to see if anyone has advice on opening a brokerage where one owner is the broker and the other owner is an investor. I am a rental property investor and have about 35 properties. I am opening a brokera...
Mark Sacandy
Paying Off a Mortgage With An Inheritance
At great personal cost, it appears that my wife and I will be receiving an inheritance sufficient to pay off our house and possibly allow me to retire very soon. What are the tax implication of such a transaction? W...
Brennen Bridgeford
Using a HELOC to buy an investment property
I have recently opened a Home Equity Line of Credit and wanted to hear people's opinions on using a HELOC to purchase an investment property. Interest rate is low and if I can find a property that cash flows more than...
Umair Iqbal
Water leak under foundation tax deductible ?
Hello guys, I have a general question. I am closing on a small multi family 4 plex next week. A couple of big ticket items that need to be worked on are : replace the roof, fix a water leak under the foundation, Frenc...
Kenneth Paul
Residential Development Question
New to this and wondering what to expect cost/profit-wise.
6.2 acre rectangle approved by city for 22 homes and approved house type (starter home area <$250k). 3 homes on land need to be taken out and road, sewer,...
Jodi McKelvin
Prefab slabs from Floor and Decor? Any reviews or experience?
Doing a reno on a rental house. Value puts it 50/50 for deciding to do Formica countertops v. something more expensive. In researching, I stumbled across Floor and Decor's very affordable prefab slabs of granite and q...
Emanuel Papadakis
Financing first deal as a 1099 contractor
Question: I am trying to figure out how to finance 4+ unit MFH investment properties as a 1099 contractor thru a bank only. Currently I own a SFH with 58k equity at a LTV of 83% and have approximately 25k to put down....
Peter Botz
Depreciate rental property against income from employer?
I'm aware that I can straight-line depreciate my rental property over 27.5 years against rental income. Does anyone have experience depreciating against non-rental income (from my employer)? I've heard its an issue of...
Suzanne A.
What's my liability for previous tenants' potential lead exposure
Hi everyone. I'm currently under contract for a house in Baltimore County. It was built in 1955. The current owner rented the house after she moved out but did NOT get it tested for lead and did NOT register the ho...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?