Karl McGarvey
Payoff a Vehicle or buy another rental!?
About to close on a refi of our personal property. Saving $250/mo plus getting about $12k cash back in closing. Current vehicle payment is $398/mo with about 9000 left to pay (2.5% interest rate).Initial thought is go...
Russell Gronsky
Can an HOA dismiss documents they get from the state?
I have a tenant who suffered a stroke and currently is unable to drive her car. Her license plate tags expired but she filed a non-operated vehicle notice with the DMV and was approved. She provided the approved non-o...
Tim Czarkowski
Car left in garage of property bought at auction
A couple days ago I purchased a property at the county foreclosure auction. I went and took a closer look at it after the auction and low and behold there was an old Toyota truck in the garage. The property is vacant ...
Thiag Sivalingam
Vehicle depreciation section 179
Hi Tax experts and experienced investors,Do I need to own my rental properties under a business to claim the new car depreciation (section 179), or can I have the properties and the car in my name, and still claim the...
Michael Mulroy
Car Equity to Invest?
You always here the back and forth debate about buying or leasing a car. I personally have never leased but am considering it, given the following details. Car Value ~16kCar Loan ~ 6kEquity: $10kPayment $485/moWould i...
Ron Singh
Cash vs Debt impact on DTI
Trying to see creative way to plan auto loan and how it may impact on my next mf residential mortgage How bad it may impact on DTI if I have big auto loan, while applying for next investment property mortgageShould I ...
Hiren Patani
Lease or to buy
Below are my questions whether to buy or lease a car? 1) Let's say if one buy's a new car under his/her personal name or under company name (driving for business more than 50% but some personal use too), then they can...
Nathan Gesner
Need advice: Section 179 deduction for Truck
I need to spend some money and cut down on taxes. CPA advises I purchase a vehicle so I'm curious about the advantages and I'm very short on time because it has to be done by December 31st.I understand what type of ve...
Samantha Skrypek
Tenants Property Damage
Wondering what I should do/ what I should instruct my tenant to do. I have this covered parking spot attached to the garage and the back end collapsed and fell on the tenants truck. My insurance says they will not cov...
Amanda G.
Move allocation from self directed IRA to self dir ROTH issues?
Hi All,I have both a self directed traditional IRA and Roth IRA. I'm wondering if it is possible for my annual contribution to move assets from the traditional to the Roth rather than contributing new money to the Rot...