Dimitri Carso
Primary residence - to rental -than back to primary residence
I have a rental property that was originally purchased as my primary residence. I rented it for several years and now want to occupy it again as my primary. If I occupy for two years can I then sell and be exempt fr...
Justin S.
To Buy More Or Payoff What You Have And Retire?
I am starting to accumulate enough units where if they are all paid off I could "retire" and be more than comfortable. I would love to hear some stories of one the following:1. Their strategy to keep accumulating eno...
Marc Belisle
Organizing cash in-flow
Hello,I am really enjoying learning here every day. But each day brings more questions. Let's say you have $300 positive cash flow on your only rental. You plan to set aside (totally random numbers) $50 for repair fun...
Dan Muelrath
Capital gains when transferring rental into my LLC
I currently hold a few rental properties in my personal name. In 2020 I’m starting my LLC for purchasing additional rentals and would like to transfer my current rentals into the LLC too.
When I transfer/sell my cur...
Nik L.
Where to put my 1031 exchange money. What would you do?
I sold a highly depreciated SF Bay Area california duplex I have owned for more than 2 decades. I sold due to rent control and a bump in value but I hope I haven't made a mistake. About $48K in annual net income plus ...
Jeff Libby
Paying off mortgage early or reinvesting in other ways
I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...
Kiara Spence
Connect, Learn, & Prosper
Hi My Name Is Kiara, I Live In The Polk County Area. I Purchased My 1st Home Back In 2021, I Currently Live In The Property I’m A Rookie Who Has A Little To No Experience With Real Estate. My Plan Is To Become An Inve...
Konstantin Dubovenko
Should I hire a property management firm
Hi everyone, I am an moving to a new home and planning to rent my condo in San Diego (central Hilcrest walking distance to Balboa Park / Zoo). The condo is modern and basically in perfect shape, completely remodeled 1...
Jay Johnson
Transferring passive losses
I had several rental properties that had accumulated passive losses. I started a LLC with my wife (2010) but those previous losses were not carried over at the start of the LLC. My accountant at the time said they can...
Account Closed
Deductions for Investment Interest Expenses by Kislay Shah CPA
Taxpayers are constantly striving to be able to make more money. A great way to do that is by investing in assets and growing your financial portfolio. By investing, further savings are acquired by being able to reduc...