Jonn Vidal
GROSS OFFER Buyer to pay 'All' Closing costs even Xfer Tax! Okay?
Is that ok at NY closing table or is Cash Buyer just fluffing?
I'm thinking hmmm what about say (besides commissions if any): Closing attorney, Property Tax Adjustment (usually $500?) and that thing where you 'ha...
Matthew Porcaro
House Hacking - Am I able to write off part of my duplex?
Hi Everyone, I'm close to putting an offer on a duplex that I am looking to 'house hack'. Now, I will need to be living in it for a while, so it will be my primary residence, but the second floor will be rented out to...
Steve Gume
Can my LLC own a new home and rent it to my wife.
I own a LLC(100% sole owner). LLC has been registered for real estate renting. This LLC owns a commercial property which is having a net income of $1000/mo today. Can I buy a new home in this LLC(bank willing to provi...
Chris R.
How can you avoid the tax on self directed IRA and multi fam
I've researched a bit about the conversion on an IRA to a self-directed or solo 401K and how to avoid the UBIT tax on larger syndicated multi-family non-recourse deals. From what I can tell from some of the research i...
Chris Mackinlay
Creative Financing help
Greetings! I have spoken with a lender who says it is possible to use 401k money to fund a home purchase. Spoke to my 401k custodian and they weren't sure of the exact details of doing that. I'll need to look at all t...
Brianne H.
Can Canadian Corp Act Like An LLC? Cross-border Considerations
Hi, I am a Canadian looking to start investing in buy and holds (small multis, 2-4 units) in Ohio in the next 6-12 months. I've heard about the main benefit of an LLC being that you're farther away from personal liabi...
Ellie Narie
Tax assessed value or appraisal value to calculate depreciation?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
Tom Wallace
Turning personal residence into rental property...
Hi all. Want first to say how much I appreciate Bigger Pockets and the wonderful advice I have received here..
I own 3 rental properties at this point. My wife and I have lived in our personal residence for the pas...
Travis Elliott
I NEED HELP WITH WHAT TO CLAIM ON MY TAXES..
I am new to real estate so please fill me in as much as possible..
First off can I write off meals if I am talking about Real Estate? Pf so is it only my meal or if there are two of us can I write of both of them?
W...
Mel HarsH
Brrrr - How does it work with “debt to income ratio”?
With the BRRRR method, how can you own 10 properties or more and not be effected by “ debt to income ratio”?