Howard Valentine
Property Attributes for Evaluating Value
Hi again everyone.
My team and I are split into two parts. The first - driving around, locating distressed properties, recording as much information as possible, and then cataloging the information into a spr...
Ross Ellington
Depreciation math
I had a real quick question to see if I'm in the ball park. I want to buy a 4-plex and trying to get my depreciation number down. The scenario I have is if my 4-plex is worth 184,840 with land already subtracted would...
Don Ellestad
FHA for student housing
So do banks do FHA loans on student housing properties? If it's technically a duplex but there are 4 beds and 4 baths in each making it possible to rent each of the bedrooms out. I would live in one of the bedrooms.
Joe Eitel
Track mileage before I own my first investment property?
I'm in the process of searching for my first investment property. I was wondering if the mileage I accrue while driving potential properties can be counted on my taxes? As I said, I'm not "officially" a real estate in...
Petit Morne
Listsource, Yellowletters: % Equity
Hello,
How can Listsource/Yellowletters tell how much equity an owner has in their property? I did not think this sort of information was public knowledge. How accurate is their equity information?
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?
Jon Pinkerton
Changing title on inherited property
My wife recently inherited her childhood home when her mother passed. The property was held in trust with my wife as the only child and successor trustee. We have not attempted to change anything on the title. We r...
Patrick Sears
Opportunity Fund tax question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Chris K.
Tax free income off STR?
If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you
James Palassis
Can 1031 be used to paid down loan on your identified property?
I am under contract to purchase a property (closing set 8/4/21). Through a stroke of luck, I have a cash offer on one of my rentals (it's vacant due to a tenant turnover). I'd love to be able 1031 my sale and use the ...