Hi,Passed national portion of real estate exam on Monday. Now, need to prepare and retake test for state portion. Wondering if there is any literature thats state specific so I don't have to go through entire material...
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Hi BP,I'm in the process of renovating my first investment property. It is a duplex in Arlington TX that i am currently living in and have almost finished with renovations on the second unit. I am considering rentin...
We rent out a portion of our primary residence on a nightly basis. Does that enable us to claim our own utilities, insurance, HOA dues and other expenses on our taxes? Or a portion of them?
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...
Hey everyone,So I can't seem to get a straight answer on this, so I hope knowledge here will help to answer this question. I owned a Duplex from May 2015 until December 2017. I moved in on July 15, 2015, for a total o...
I have a section 8 resident who is starting to fall behind on her rent. I am getting ready to start eviction, but before I do, does anyone know if accepting the rent from section 8 is the same as accepting a partical...
My wife and I own a triplex in which we reside in one of the units. The portion of the property used for personal use is 52.8% and the portion for rental usage is 47.2%. The full mortgage on the entire property is ove...
First time poster and would like some advice on the best way to structure the following deal. I’ve researched what I can but feel like there are some variables here that aren’t really covered. This would be my first c...