Brady Stout
1031 Exchange - Personal Use Definition
Hello,
My wife I are in the process of buying a property through a 1031 Exchange. This is an investment property in the mountains near Breckenridge, CO. We intend to use the property as a short-term rental (AirBNB/...
Bryan Caprioli
"As is, where is" condition
This has come up in the past 2 apartment deals that I am brokering. Seller wants buyers to purchase the property in "as is, where is" condition, even though the properties aren't in bad shape...just a little outdated....
Hailey Peterson
Converting primary to rental: timing of improvements for tax deductions
Hello! I am interested in converting my primary residence (have lived in 7 years) to a rental. I want to make some improvements prior to renting in order to make it more desirable, but am wondering how this impacts ta...
Michael Jones
Appliance Repair Questions And help For Landlords.
I see a lot of questions about appliance repair here on the forum and thought I would offer some help. I have been repairing appliances for many years and there are very few instances when an appliance is not worth fi...
Chris Mason
Easiest way to be allowed to prepare taxes, especially Sch E?
Hi Tax Pros,I'm a mortgage lender. We kind of have a love/hate relationship, but I'm probably never going to ask you for any sort of letter "guaranteeing" that Sally's business is "guaranteed" to make $X00k/yr for the...
Adam Craig
Asking for repair credit on apartment - how much is allowed?
I am looking to buy an 8-plex priced at 325K.I understand there is a strategy of asking for repair credit in order to lesson the amount I will need at closing. So in theory - I can offer 350K with a 25K repair credit ...
Carla Morrison
Disclose Previous Homeowners Disclosure
I’m getting ready to sell a home I am flipping. In my Seller’s Disclosure do I include items that the previous homeowner’s seller disclosure contained? For example, the previous homeowner’s seller disclosure checked y...
Tim Porsche
Tax Deduction Question for Owner Occupied Duplex
Hi All, I'm not sure if this is the right place to ask or not, but if anyone could shed any light on an issue I'm having while doing my tax returns for 2017 I'd greatly appreciate it. So the issue is, I have a duplex ...
Colton S.
Home Repairs
Hey guys,I have a big question that we do not know. First off, we are buying a home in the Wendell, NC area, this will be our primary residence. That being said there was some repairs that we requested on the home to ...
Yolanda W Cuevas
Where to draw the line? Tenant Wants to Take Over
Where should I draw the line? Always, a few days before rent is due I get a maintenance request.My tenant is a self-described handy person and he also works in an appliance repair and sales shop. He is the first tenan...