Scott C.
Tax treatment when co-signing for a loan and also renting rooms?
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...
Uri E.
Cost segregation for the purpose of expediting depreciation (SFR)
Hello,
I buy, hold and rent out single family residences. Each new acquisition I then depreciate using a standard straight depreciation - total cost of land improvements. I recently learned that I could expedite some...
Mike Miller
SYNDICATIONS FOR 1031 EXCHANGES/ CAPITAL GAINS
1. Can anyone recommend a solid syndication that accepts 1031 exchanges, preferably Multi Family?
2. If I have a property in a 1031 exchange and I am looking to sell it, I will be on the hook for capital gains and de...
Joseph Medina
WARNING! Biden's Tax Plan: The Investor's Worst Nightmare
IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...
Joel Johnson
Common Areas in a House Hack (Taxes)
I just purchased a new, larger home. I am house hacking and renting out one of the rooms. I use TurboTax for my taxes every year and they want to know what percentage of my home is being rented? Do I get to count any ...
Meagan Peters
Should I get a full-time job or focus on finding my 1st property?
Hey guys,
I’m a recent college graduate and have a degree in Graphic Design, but my priority right now is acquiring my first house-hack/rental property before the end of 2022. I am living at home right now but will b...
Fed Finjap
Operating Expenses to account for in Chicago market
Hi BP forums,I'm currently doing research to figure out what a buy and hold on a small multifamily property (2-4 units) under $800k would look like in the Chicago market. For context, I'm only at the very beginning of...
Benjamin Sulka
Pay off debt or invest in real estate?
I'm currently a junior in college, looking to invest in multi-family real estate when I graduate. As most students will, I am going to have a decent amount of student loan debt when I graduate. (Probably upwards of 30...
Nate Marshall
Maximizing Real Estate Profits: The Power of Wholesaling and Brokering Private/Hard M
"Maximizing Real Estate Profits: The Power of Wholesaling and Brokering Private/Hard Money"
Introduction:
In the dynamic world of real estate investment, the savvy investor is always on the lookout for innovative st...
Felipe Ocampo
Tax Benefits
What exactly are the tax benefits from buying a rental property? How much money should I expect in tax benefits/tax refund from my investment property? Is it a percentage of the interest rate paid? Are there any other...