Lindsey Janicke-Tuff
Homesteading 2 properties?
I've read that you can Homestead two properties in Minnesota if a relative lives in the other one. Are there rules around charging rent? And is there a tax benefit? The information on the county website is unclear.
I...
Albert Johnson
Potential tenant has eviction
I have a rental that has been vacant for a month and a half. It has a lot of interest but few potential renters that actually want to move forward beyond that. (I feel like my pre-screening may be keeping people from ...
Michael Gibek
$1.1 million mortgage interest deduction post new tax law
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Trent Rogers
Does the 1% rule apply to all prices of homes?
My wife and I are in little bit of a tight spot. The guy that purchased the empty lot next to us has made an offer on our house. It's a long story, but trust me, it's most advantageous to negotiate and sell. We have t...
Juan Rosado
Question Rental Property CAL
Attached is a print screen of a property I am analyzing using the Rental Property Calc from BP. Asking price is $190,000 and mortgage is $900. It does not meet the 50% rule, but the calculator shows that it still has ...
Bryant Dirkmaat
Cost Segregation Study
As an investor of SFH to 4 unit rentals, did any of you have a cost seg study done on your property. If so, how much did it cost you, how much benefit did you receive, and did you feel like the study was worth it?
Varinder Singh
How to get money out of a house
Bought my condo for 300k and not its worth 500k.Other than HELOC what are my options to use that 200k equity I have in the house?
Trevor J.
Lived home for 1.5/5 years... Will Capital Gains Tax be Excluded?
Hey All,
Has anyone had any success with having their capital gains tax excluded upon sale of your property after living there for only 1.5 out of the last 5 years?
In Garrett Sutton's book, "Loopholes of Real Estat...
Colin Leach
Understanding the 1% rule
I have read posts and listened to the podcasts and they discuss the 1% rule which I understand is a rule of thumb. I see this small duplex (1 bed/1 bath each side) listed for 70k. It is rented out right now at $450 pe...
Mike McKinzie
What is your rule?
I am in an unusual position. I have taken over the family trust but it is specifically written that I cannot sell anything until my older sister, who is mentally handicapped, passes away (except if needed to pay taxe...