Semilore Lawal
Best and cost-effective ways to rent-by-the-room or rent basement legally in Canada
Hi
All,
I
found that single family in Canada is only profitable if I rent by the room or rent the
house as two dwelling units (basement and upper floor).
The
problem is a lot of cities in Canada have strict...
Aaron Moayed
Real Estate CPA Website Article Garbage? Depreciation Recap OppZo
This guy's article states that depreciation recapture exclusion is not possible with the opportunity zone 10-year-hold:https://www.therealestatecpa.com/blog/real-estate-...Yet these other articles are stating that cap...
Eric Hildebrand
Property Management/LLC Banking Structure
Technical accounting question:
I hold nine SFR rentals - I have a Holding Co. LLC and an Operating Co. LLC. with an operating agreement between the two Technically, Hold Co. owns the properties, and Op Co. manages, a...
Brandon Hicks
Insurance on seller financed deal???
First post.....Im a buy and hold guy in NE Indiana and basically follow the biz model of buying on land contract and then later refinancing with a small bank. I currently have 19 units.
My question is this.....
I b...
Courtney Benson
Philadelphia PA License & Inspection
Just a heads-up: Philly L&I will not expedite blueprint examinations for EXISTING structures. They only expedite drawings for new construction. This is new to my G.C. AND Architect. So i thought i would share.Also...
Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...
Jonathan Bivas
How to ask the bank to fund 100% of purchase / rehab cost?
Hey guys!My girlfriend and I just closed on our first home. We bought a condo for the two of us to live in which has been a wonderful and exciting process. I wanted to house hack but she wasn't loving the idea :/ howe...
Reaz H.
Cost segregation strategy for LTR/STR mixed use MFH
I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income. I am exploring the acquisition of a property that is a SFH but has a couple of ADUs in the same lot. Now ideally I could STR all...
Jeremy Miller
Reduce Taxes Through Rental Property?
Hello, I have a family member who makes a significant amount of money a year and he hates paying taxes. He just got a very large check in which 50% is likely going to go to taxes. Would it make sense for him to start ...
Amos Smith
Evicting RTO Tenants in PA
We just bought a park in PA which had 20 RTO homes with several tenants that haven't paid for about a year. When we took them through the eviction process, the judge ruled that this is a RTO contractual issue (owners...