Charles Burgess
Refinance Rental Portfolio
Hi BiggerPockets fam, I'll keep this post pretty simple. I'm looking to do a blanket refinance of my current rental portfolio of 6 units (8 doors total) to access equity. Any reputable recommendations from you guys?...
Aaron Knoll
Can a cash-out refinance mortgage on one property be written off from another?
Two questions, for those in the know:1. I currently own my house in full, mortgage. It would appraise at roughly $300k.I'm considering buying a new property (currently rented out), refinancing this house by taking out...
Daniel Hanson
1031 Exchange for a 2-family into a Gas Station?
Hi all,First post here. I am planning to sell a residential duplex this year that has built up some equity, and am also in the early stages of purchasing a gas station. Is it possible to 1031 exchange the duplex int...
Ryan Miller
Help forming a partnership
I have been investing in real estate and managing the properties (15 units) on my own for years but I have reach a point where I would like to scale faster. A long time friend reached out to me about forming a partner...
Ray Martinez
Small Business Sale to Investment Property
Selling small business corporation and would like to 1031 exchange for rental property. Is this possible?
Tim McCahill
1031 to BRRRR to pay-off
Hi everyone - My wife and I are considering doing 1031 exchanges on up to three of our properties over the next 12 months. The general idea is that we would BRRRR the replacement property (ies) and use the proceeds fr...
Cody Sims
Family Selling Ranch - How to avoid paying taxes on capital gains?
Hello, my father is selling a ranch that he owns for 4 million and looking to downsize and purchase a lake property for about 1 million. So, this is putting him in the position to have to look at the possibility of do...
Peter Kandra
Partnership Tax Return
This is mostly a theoretical question for now, but will most likely become valid in 5 years or so. I own several properties with a neighbor of mine that we operate under an LLC. We file a partnership form 1065, and ...
Erik Nizenkoff
Tax Basis for deprecation, but some costs paid in 2nd year?
Hi, I purchased a commercial property at the end of December 2017. I wasn't billed for some of my lawyer's fees and inspection fees until 2018, around $20k. It is my understanding that I can add these to the basis ...
Daniel Smith
Schedule E - Where to put shared expenses?
Where do you put your "shared" expenses on a Schedule E? I have four rental properties, and there are some costs shared between them. For instance, an umbrella insurance policy, supplies, PO box rental expenses, trave...