Edwin Lopez
Managing gross income from business
What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
Erik Nizenkoff
Residence Turned Rental - How to calculate value for depreciation
My wife and I moved out of our condo in California which we bought in 2014. We're going to rent it out in the next few weeks. Does anyone have any advice or methods on how to calculate the improvements value for dep...
Baze M.
New Market Tax Credit
Is anyone familiar with the New Market Tax Credit program? If so, what has been your experience?
Craig Tripp
Is it hold cost or capital gains?
To the CPA/investor/developer community:I am under contract for a parcel of industrial land that is 9 acres. I want to maintain approximately 1 - 1.5 acres for building a warehouse space for my company as a long term...
Jens Nielsen
Rehab of 2 out of 4 units -add to basis or deduct as repairs
I purchased a 4-plex in 2016. Two of the 4 units were empty, so we did some repairs on those units (new carpet, tile and paint), plus we installed a new roof, repaired an exterior wall and fixed potholes in the parkin...
Marc Izquierdo
What number is taxed on a financial statement?
I was starting to build, edit, and run a few deals through a spreadsheet I developed. Below is an example of the financial statement portion of the spreadsheet. I was wondering which number the IRS uses to determine...
Ariel Cohen
6 Family to 2 Family - 1 Unit Owner Occupied - 1031
I am working with a seller who is looking to sell her 6 family property that she is living in and purchase a 2 family house where she will occupy one of the units.Assuming the 6 family property is sold for $1,500,000 ...
Chris Collins
Diversity in the MHC Debt Markets
As we approach the beginning of the third quarter of 2020 it is apparent that we are in an unprecedented time in the market with historically low interest rates and uncertainty in the market surrounding COVID-19. As a...
David D'Ambrosio
Multi-property 1031 exchange
Can someone give me some guidance about what happens after the 1031 exchange is completed and you subsequently sell the house? In this case, I sold one home and exchanged it for 8. I am now thinking about selling on...
Chris George
1031 Exchange Question
Does anyone happen to know if I can do a 1031 exchange from an investment property (property I am selling) into a primary residence (property I am acquiring)?
The background is I plan to sell a single family investm...