Elliot Freeman
Tax Avoidance on Duplex
I own a duplex in California in which I live in the top unit and rent the bottom unit to a tenant. The property is valued at about $1,000,000. The property tax is about $15,000 annually. To date, I have attributed hal...
Mike Greenberg
Cash out refi or HELOC for new acquisitions: tax or other issues?
I know that leveraging one property to buy another is a common discussion but I had a very specific question that I can't seem to find a clear answer to searching here and the web which is if you leverage one property...
Alan Ford
SFH House Hack - Pros and Cons?
Hi, so I live in CA and my state income tax wipes out my $10k allowable SALT Deduction. Leaving another $10k in property tax I can not deduct. I am wondering what would happen if I had my friend come and live in my ho...
Joseph Cavicchi
Reporting HELOC interest on Tax Return
Hello, I'm relatively new to real estate investing and this will be the first year I file taxes after opening a HELOC last year. I used the HELOC for a down-payment on a new house. I now rent out the old house (with t...
Scott Painter
Broken Lease, Security Deposit and Administrative Fees
A tenant informed me on Sept 15 she was moving out Sept 30. There are 6 months left on her lease. A new tenant will move in on October 7. Her rent is $550 or prorated $18 a day. She did an ok job of cleaning. I paid a...
Susan O.
Anyone purchase new property in 2019 taking advantage of sec 179
https://www.kbkg.com/news/kbkg-tax-insight-tax-reform-changes-to-qualified-improvement-propertyAnyone who purchase a new building this year not they should do thisAnyone do it in 2018?MORE:Starting in 2018, there is a...
Michael Sweet
STR in Maui or Hawaii - anyone cash flow positive
Anyone making money on vacation rentals in Kihei or Hawaii?
any tips? location? condo complex? is it possible to run 4 or 5 as a job?tI would like to buy, rehab, furnish, and run enough to make a living?so far I only...
Patricia Andriolo-Bull
Stessa - 179 deductions
Hi. I searched the Stessa forums and couldn't find an appropriate answer so thought I'd try here. I use Stessa for my STR accounting and am pretty happy with it overall for what it is and the value I get. One thing...
Jack B.
Cash out refinance tax implications
Thinking of cash out refinancing some existing rentals to buy more rentals instead of deploying capital on hand. That said I'm having a hard time finding deals due to low inventory. As I understand it once I cash out ...
Account Closed
Understanding Real Estate Depreciation Deductions to Maximize Real Estate Investments
How Real Estate Depreciation Deductions Can Supercharge Your Investments
Real estate, with its potential for passive income and property appreciation, is a favored choice for investors looking to build long-term weal...