We will receive a net gain of $250,000 from the sale of a relinquished investment property and the funds will be held by a QI. We want to purchase a mixed-use replacement property for $750,000--a home with a detached ...
How do you calculate depreciation for a residential property?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
Can someone explain the Refinance part of the BRRR method? Along with house hacking tips for kitchen and bathroom?
How do you address perspective tenants with a voucher that covers rent, but don't meet the income requirement for the property...in this scenario the rent is $1,200/mo. and the voucher is for $1,050. The individual ma...
Hello,Does a 1031 exchange allow me to sell a rental and roll the profit into a property that has two houses on it (one to be a rental)? Or does it allow profit to be rolled over into a property that has one house on ...
Have a question regarding valuing property held in my 401k plan. In speaking to my 3rd party administrator regarding converting some of my 401k to the Roth election and paying the taxes they said I would need to get...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Miami.
Purchase price: $529,000
Cash invested: $132,250
3/1 and 1/1 duplex in Miami, FL. Purchased with a 25% down payment...
I built an ADU in LA and live in the front house. The former garage is now a single apartment and has been rented out to my tenant since 2021. the ADU is legal - was built with all the permits and has a CoO - and has...
I inherited a house with my sister, what’s the best way for me to buy out her portion with minimal taxes taken from her. She has been living there for the last 8 years.