Christian Valencia
Duplex Tax Loopholes
My wife and I are closing on an owner occupied duplex later this month - tenant is already in unit B. The home is in great shape, but bathroom and kitchen are outdated. We want to maximize deductions and are looking f...
Charlie Casalnova
STR Loophole Advice
We currently own 1 STR; however, we are looking to add 1 or more STRs that we will self manage with a goal of obtaining 100 hours managing the properties to qualify for the loophole. We are looking for recommendation...
Andrew Caldieraro
The STR loophole
If you follow the guidelines (materially participate, etc.) how long do you need to hold a property as a STR to take advantage of the loophole to offset W2 taxes? For example, what if I only want to hold the property...
Liliana Gala
STR license loophole?
Im located in Colorado’s front range and a total rookie! I’m interested in doing an STR out of an RV on my primary residence. There are about a dozen or so other STRs just like this in about an hours radius of myself....
Account Closed
Legal Accessory Apartment Loopholes
Hello BP!My wife and I are currently in a property in Pleasant Grove, Utah. We have a legal accessory apartment that we currently rent out, however, as far as I can tell, we would be in violation of the zoning commiss...
Account Closed
Legal Accessory Apartment Loopholes
Hello BP!I posted this over in Tax/Legal issues, but am moving it here.My wife and I are currently in a property in Pleasant Grove, Utah. We have a legal accessory apartment that we currently rent out, however, as far...
John G.
Heroes act eviction loophole
I have been searching the HEROES act trying to find if I can evict a tenant for violations other than non-payment of rent? Such as I have a tenant that is violating the lease in many ways I.E. unauthorized guests liv...
Carlos Ptriawan
Sec 121b5 exclusion loophole
I'm surprised after reading this article:https://www.accountingweb.com/...Basically, if you have rental (or primary -> rental) and turn to primary, and then sell the property after live there for two years, the non...
Rachel Luoto
FHA & Marriage - Loophole?
Hi BP!Looking to buy my first property and wondering how my situation might shake out, google has not been helpful.My boyfriend bought his house FHA four years ago. If we were to get married, would I still be able to ...
Sabina Hasan
Loophole around Deficiency Judgement
Situation: If you believe that your mortgage company will come after you for deficiency judgement on a foreclosed home, you currently own and live in a multi family... The foreclosed home was a second home you purchas...