Joseph Gisler
Depreciation and rental income, how does one effect the other?
I am preparing to buy a single family home to live in one room and rent out the other bedrooms. A question my father brought up to me pertains to depreciation and how recognizing rental income of a primary residency e...
Elizabeth Hernandez
For Sale by Owner
Hi, I want to sell my single family house on my own. I am reinvesting a good portion of my equity into a side by side multifamily house. I plan to live in one of the apartments and rent or AIRBNB the other. Does anyon...
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Nav S.
Question on capital gains tax on multi-family sale
Hello :I have a 2 family property near Boston, MA that I would like to sell.I was using 1 unit as primary residence for just over 2 years before I had to relocate in mid 2016.Currently both units are rented out and he...
Ken Martin
Tricky Refinancing Question
Hi BP community. I currently have one apartment building that has appreciated materially. I am negotiating financing on a second property in the same market. The new lender is recommending refinancing the first proper...
Ryan DeGennaro
HELP! Buying a property with sales tax lien in Texas
I am trying to purchase a portion of a commercial property that has a lien on the owner for $52k. I have a contract to purchase the parking lot (a small portion) on the property for $35k. The owner has no issue puttin...
Nina Phillips
1031 exchange for one unit in a 2 family house.
Upon selling my valuable 2 family house in which I hold the deed , do I qualify for a 1031 exchange on my rental unit (which was originally occupied by us but has been rented out for the last 5 years) as well as qual...
Steven Clough
Combined business use/primary residence property
Forgive me if this isn't in the correct forum!Ok BP forums, I'm in a bit of a conundrum trying to accomplish this transaction. Bear with me as I do my best to outline what's up.My family and I are trying to relocate f...
Jeff Langley
Lease option- due on sale
Hi all, I am purchasing a SFH with a lease option to buy and want it recorded with the county. The seller and I are concerned about the due on-sale clause. I know from everything I read that I shouldn't be worried, bu...
Jeremy Lee
Tax implications gifting a 1031 property
Hey all,I was curious about tax implications regarding the condo I live in (primary residence since 2007) that I co-own with my parents (1031 exchange). They had a prior property that they 1031ed into this condo (and ...