Samuel Cho
Owner-Occupy Triplex tax questions
Hi BP! I would like to ask a tax question here since I am a noob and still searching for a cpa :( Scenario:
- Buy a triplex of 1.5m price with 20% down conventional loand
- Loan amount : 1,200,000
- Owner occ...
Michael Kendrick
Your Support of AB 957 is Needed Again Before Tuesday!
Your support of AB 957 is needed again before Tuesday!
Two weeks ago, AB 957 passed the Banking and Finance Committee with bipartisan support! That first committee meeting victory is due to all of you who faxed ...
Walter Correia
Owner occupied single family rental
My wife and I currently live in a single family home. We rent the bottom floor with a full kitchen, bathroom and two bedrooms while we live on the upper floor. The ultimatums are paid by us.What types of claims can w...
Lee Israelsen
Renting basement Tax write offs
I am building a house this year. If I build a basement apartment, can I write off a portion of the expenses it took to build the house when I go to do my taxes for 2024?
Chris L.
Cost basis on discounted property
If you did a partial sale/partial gift purchase of a business from your parent and the purchased and gifted portions were discounted( lack of marketability and lack or control discounts)..... If you paid 350k for 51% ...
Ryan Mellon
Income Requirements for Section 8 Tenants ?
I am new to renting out to section 8 tenants. My typical requirement and policy for income is 3x rent a month for regular tenants. My question is, if I start taking applications from tenants that have section 8 vouc...
Kevin Fox
How can I find agents from other brokers willing to pass along buyer leads for a portion of the commission?
I am a relatively new Real Estate Agent in San Diego and I was looking for any tips/advice on how and where to go about finding listing agents that may be willing to provide buyer leads for a share of the commissio...
Steve Hungerford
Can a Residential Property be part Investment(1031) & part Residential ? If so.....
Hello,
Here is the scenario. An investment property (residential-rental) that would be 1031 into a bigger more expensive residential property. Part of the property would be used as a primary residence and part as a...
Christopher Ferrouge
Q: Owners of occupied triplex seek acreage out-of-state via 1031
Hello Fin-savvy friends! I'll keep this concise because it's complicated (I don't understand it... questions below). Circumstance: Wife and I live in 1 of 3 units within an Oakland CA triplex purchased in 2010. We w...
Karim Smail
Section 8 tenant
Hello everybody, I am looking to purchase a property with a section 8 tenant, and the rent is way below market at about $800 for a 3 bed house, while an average rental is about $1300 to $1400. How to increase the rent...