Robert McEachern
Depreciation Recapture in Seller Financed Transaction
Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...
Kristen T.
How do you handle repairs and sending a contractor?
We've been landlords for almost 7 years and never had any problems with letting the tenant schedule repairs with the person of our choosing for their own convenience, then the contractor just sends us the bill. This ...
Travis Kumar
Foreclosure + Short Sale, Opportunity or Risk?
I have a property under contract, that my GF and I are planning to house hack then rent out entirely after a year or 2. While under contract, the property appeared on a foreclosure site I follow. The date of the forec...
Hadar Orkibi
Seller Finance Question: P&I Vs Principle Reduction Payments
Hi Guys, Im working on possible deal and the seller is willing to finance 85% of the price. His reason is that he doesn't want to pay income Tax or depreciation recovery. (Sold a business and have high income this yea...
Min Liang
1040 Schedule E (Supplemental Income and Loss)
Is it true that u can only claim up to $25k on 1040 Schedule E (Supplemental Income and Loss)??
Danny Motz
Mechanics of Selling Multifamily Out of State
Hi all,I am looking to purchase my first investment property soon. It is a triplex in southern Indiana. I live a few minutes away from it but I plan on moving out of state in sometime in the next couple years. I have ...
Kristina Jensen
Tax deduction when using Reward Points for travel
I have out of state properties that I visit 1-2x per year to either have a meeting with the Property Manager or conduct a walk-through if there is no property manager.
If I use reward points for the flight/hotel/re...
Renee Adkins
What are the pros and cons to leasing to a Section 8 tenant?
I have several rentals, but just listed one that I am managing myself and I am overwhelmed by the number of people who are calling about Section 8 housing. My pre-conception is that Section 8 is not profitable, but I ...
Todd Groom
managing multiple properties with one app
I wasn't sure how to even search for this question. Currently, we are using Stessa and Cozy for our units. We have at this time 2 properties with 5 units with the first owner. We are purchasing a third property that h...
Daniel H.
Schedule E
Has anyone on here ever added extra income or not deducted all eligible expenses in order to show more income on your schedule E? You would pay more taxes but it could make the property more attractive to buyers and ...