Brian Gibbons
What can go wrong with selling on lease option?
I have done lease w option agreements for 30 yearsWhen I'm interested in are peoples' opinions on what is a "legal lease with option" and what a court of law or a judge would say to some of these creative techniques t...
Bruce D. Kowal
April 18 is Election Day! Tax Elections, that is
April 18 is Election Day! It's the day you must make your election to be Qualified Real Estate Professional. This is IRC §469(c)7)(A).You really need to see a CPA to think this through.What you doing is combining r...
Michael Bertsch
Water heater- depreciate or repair
I just replace a broken water heater on a SFR that has been in service for about 7 months. Now, I'm getting all my books in order. Would you guys write it off as a repair since it's a small section of the UOP, depreci...
Debbie Chipman
Selling primary home as Owner financed and taxes
I am thinking of selling our primary home of 11 years in Oregon as owner financed with monthly payments. Because we're getting monthly payments instead of full seeking price up front, will we be required to pay taxes ...
John Mayer
PA 1031 Question - "Replacement" Basis?
I am putting this question out here as I have not been able to find anything definitive. I am well aware of the Pennsylvania non-recognition of IRC Section 1031. I know that gain is recognized when a Pennsylvania pr...
Account Closed
Beacon NY first-time triplex house-hack
Hello,It's been ~3 months since I read BiggerPockets' The Book on Rental Property Investing and, with interest rates being so low, I'm trying to enter a decent house-hacking deal as I move away from NYC. I'd want to l...
Sharnell James
LLC ??
Before you make you first deal either flipping or wholesaling do you think that it is best to make a LLC ?
Tom Dempsey
Best Markets to Focus on Right Now
Hey everyone - I was curious where everyone was looking right now for short term rentals. What markets do you seem to be focusing on right now and why? I am from Philadelphia and I hear a constant chatter of the Pocon...
Rose Parc
How to file Sch E when moving rent to LLC mid year
Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...
Avinash V.
Help needed : is it worth converting to STR/mid term
Hi,
Need some expert inputs if it’s worth the investment needed to convert my current property to mid term/ STR with fully furnished.
I have a property right opposite to UT Arlington . Currently it has 6 rooms ( 5...