Robert Lockwood
Claiming Depreciation in LLC vs. Personally Owned
My most recent tax filing made me more aware than ever of the potential benefits of claiming depreciation. I've since sold that single family rental and have a contract on another in my area, near Denham Springs, Lou...
Purnell C.
Solo 401k and personal funds - Arms length question
I'm interested in lending both solo401K funds as well as personal funds to the same borrower. He's a flipper. He wants to record one deed for his personal residence as opposed to recording a different deed each time ...
Dustin Bowersett
Cash-Trap
I'm currently renovating a 3-unit property in Downtown Orlando. The first unit came in over budget, and now we are going into the second unit. To remain liquid, I'm considering putting a small amount of debt on it. I...
Matt Corse
Refinancing 8 SF in Southern GA
Looking into options for refinancing 8 SF. Currently they are in a portfolio loan at 4.5% on a 20 year amortization with a 5 year reset. Total LTV of the portfolio is 80-85% depending on comps. I’d like to increase ca...
Neil Patel
1031 Exchange questions
When you do a 1031 exchange does the intermediary ONLY hold your gains on a property or the FULL sale amount?
For example you buy something for 100k. You sell for 150K. Is only the GAIN (50k) held or the full amoun...
David Breitzmann
Without a business plan - you have no "business" in RE.
There are so many wonderful seasoned veterans on this site. The invaluable information that they provide should be carefully digested as it comes from the ultimate litmus test - experience.
Those of us who are still...
Hunter Estess
Assuming a loan
How does assuming a loan help the seller?
Could the seller still be held liable
Gordon Olson
Where Does the Income Come From?
I am new to REI and here's my situation:I'm a little confused as to how the actual income is made from REI. When house hacking does one just keep for themselves whatever income is not used to pay mortgage payments and...
Salvatore Trapani
Transferring Members of an LLC - Tax Consquences
I'm currently managing a commercial (15-unit residential) building in the Bronx, NY that is held under an LLC by a 100% sole-member.The member is looking to fully transfer the corp. stake to a family member, making th...
James Boreno
Prop 19 - New Investment Property Question
Hi Biggerpockets Fam,
My father and I just purchased an investment property - We hold title as Joint Tenants.
I wanted to know, if my father passes away, does 50% of the property get reassessed?
I was thinking mayb...