Eriq Khalfani A.
How do I purchase a NJ home with no recorded homeowner?
How do I manage through the process of purchasing a duplex multifamily home with the following characteristics:1. Homeowner unfortunately passed away with no next of kin to inherit home 3 years ago2. Home currently ha...
Adrian Guerrero
How to remove tenant from lease
My current tenant and his family has a lease that expires in September 2019. However, they are separating. The husband wants to stay in the property and have his ex-girlfriend removed from the lease. I believe she's o...
Susan O.
1031 exchange upleg Loan Requirements
Hi we are still planning a upleg and 1031 exchange. Partners owned the downleg 50 -50 Only one owner wants to be on the loan and the lender says thats ok because we're putting a lot down on the uplegI was wondering ...
Mark Harrison
1031 exchange question
I am new to 1031 exchanges. Are the proceeds that are required to be held in a trust after the property is sold equal the sale price less the existing mortgage balance? Or is only capital gain required to be held i...
Account Closed
Thinking through company structure for tax reduction
Good morning, BiggerPockets!
First, let me save you the trouble: you are not my attorney nor my CPA and any advice given is for educational purposes only!
Second, thank you for taking the time to respond. The shari...
Aubrey P.
Inheriting RE - taxes, ownership, advice in General
Although the tax reform bill is still in conference and hasn't been passed, and the final bill will require study in conjunction with a discussion with a real estate savvy CPA to understand its implications on my part...
Todd Krummel
Advice for selling multiple properties
My brother and I own an LLC that purchased a 40 unit rental property (10 buildings, each with 4 units). The area we own them in is rapidly growing and we have decided to convert them into condos. If we were to sell ...
Michelle Au
Depreciation Expense Impact on Tax for Rental Property
My husband and I are deciding whether to sell our primary residence that have been rented out for 2 years or keep it as a rental unit. If we sell the unit now, it is still considered a primary residence (lived there f...
Eric Nelson
Question about predicable lifespan and damage to appliances
I understand that appliances have a "predictable lifespan". An oven/range typically have a predictable lifespan of 20 years. A tenant broke my 10 year old range. Am I only allowed to charge him for 50% of the cost for...
Peter Padalino
1031 Into a Vacation Rental?
I own a highly appreciated SFR in AZ and am planning on selling once my current tenant's lease expires early next year. My thoughts are to 1031 the gains into a vacation rental (or possibly a full time rental). If I o...