Account Closed
Choose your suffering
"The Real Secret of Success Choose Your Suffering.Everything you want in life; every goal you want to achieve; every dream you want to manifest: all comes with a price tag.Legitimate success in any endeavor requires t...
Joel Brown
consequences of a rental that you move into after a few months.
So, If I purchase a single family house (that I really like) and I rent it out for a few months (or years) then I move into it. How is that treated tax wise (IRS) and investment wise (It may be in an LLC). I obvious...
Eric Cybulski
What are the consequences of a cashout refi on an investment prop
Here is the situation. I have an investment property worth about 150k and a loan for slightly less than 50k. The property is currently financed at 5.125% int rate. I am considering doing a refi to lower the rate a...
Kevin Lefeuvre
Price Trend in California as a consequence of the new tax bill
The new tax bill limits state and property tax deductions to $10,000 and mortgage interest deduction on mortgages down to $750,000. This could negatively impact appreciation of RE in California. 1) How is this impacti...
Jeff Cliff
Tax consequences with moving back and forth between primary and investment properties
Current situation:
Primary Home: Owned for about 15 years and has appreciated it a lot. I have been renting part of the house on a long term/short term basis and have been showing all income on my tax return and have...
Carlo D.
What would happen and possible consequences if I just pulled the trigger?
I previously posted questions on this channel about lending money on the paperstac platform. Decided getting the licenses to be a lender in different states wasn't worth it. However, my question is, what would/could h...
Sebastien Dessureault
Transfer from C-Corp to individual name
Hi,
I recently transferred the title of a California property from a C-Corp of which I own 100% of the shares to my and my wife's individual names.
I was advised that the transfer would not trigger a property tax re...
Hen Ley
Taxes for flipping in LLC vs. personal name?
Is there a difference in the tax consequences for flipping in a single member LLC vs your personal name? Any suggestions as why to do one over the other?
Jennifer Lopez
Did I rent an “illegal” room? Should I worry about it? What are t
I figured landlords on Biggerpockets would be most knowledgeable about this situation so I would greatly appreciate any advice on my dilemma/concern. Please only answer if you are an experienced landlord and know the ...
Manish Shah
mortgage rates for second home vs investment properties
Hello,I am looking to purchase a property as second home. I understand the mortgage rates are lower for second home compared to investment property.If I decide to rent this property in the future for any reasons (airb...