Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses). I am converting this back to a duplex...
Hi!Just have a very quick question regarding the newly proposed $10,000 property & state income tax deduction cap. How would it affect the property tax deduction for house hacking (buying a multifamily and living ...
We are looking at potentially purchasing a HOA Lien and had a question about the redemption period. If a lien holder steps up to redeem after our purchase, how much would we be entitled to using the example below? Als...
Hello All,I have opened a Solo 401k Account last year. I have self employed income for 2018 and 2019. I like to contribute to both 2018 and 2019 this year. I have filed for extension for taxes for 2018. I am getting d...
How should I apply this rule to prospective Housing Choice/Section 8 applicants, or should I even apply it ?
I've seen a mixed group of advice on this topic. Some say they apply it as they would anyone else, some say...
Hello all,Just have a quick question regarding a security deposit for my property. I had a lease set up as a probationary period that was split up into two 6 months leases. One of the 5 tenants is not renewing the 2nd...
I currently have a 2 family that I rent half out. I purchased it for 400 expecting to sell it for 600. When I sell, how would capital gains work out? Would it be half of the property due to it being half an investment...
I’m stating to prepare my taxes for the 1st time on our rental that was converted mid-year 2017 from a primary residence. Feeling good about just about everything except three fuzzy items:1. Home was purchased in 2007...
If I am the deal provider and I bring in investors to the deal. How should the equity and profit breakdown be like? If I don't put in any cash, but I do bring the deal, manage it through renovations, and either rentin...
My husband and I are purchasing a duplex that has tenants in both sides. We will receive the refundable portion of the deposits as well as any pre-paid rent. I was trying to find what the laws were in regards to wheth...