Nicole A.
Marriage penalty tax
Hello everyone! It's been a while since I've really posted, but I am still here! Here's an interesting subject that I'd like to discuss. Please keep in mind, let's keep the logical side of things and not the emotional...
Sebastian Madariaga
DIY or Contract out ?
Hope everyone’s doing well today!!When first starting out, let’s say you get a property that needs updated but no major repairs and ya plan on living in the property....Would you suggest contracting out or doing the w...
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
Abe DeHart
Cost Seg. Study on STR
Have any of you done a cost seg. study on an STR? We recently purchased a large cabin in the Smokies that I'm interested in having a cost seg study completed on. If we do a cost seg, are we able to count depreciation ...
Gerald Marshall
Capital Gains Question.
We are selling a property that still in my wife's former married name, and looking to turn around and reinvest it in a new piece of property under an LLC. Is there a way to get around the "same name" rule of the 1031...
Mallory Thompson
Structuring a BRRRR Partnership
My husband and I are under contract with another couple on our first BRRRR. I've set appointments with a RE attorney, CPA and then have plans to do my research with insurance companies and lenders but wanted advice fr...
Jay Yoo
Do married couples need to be screened and each pay a fee?
Hi All. I’m sure this post could be redundant but Do I need to run credit report for married couples and each pay a fee? Only one is working and will pay the rent. I would not accept a tenant with criminal background....
Ian Russell
Getting conflicting answers about tax exemptions selling my house
So I am trying to see if anyone know the answer to this question. I am selling my house in San Jose in which I lived in for 5 years. I moved out last year and rented it out for the whole year. I bought the house ...
Eric Jones
Conditional Approval for Married Couple
We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
Rudolph T.
Best tax strategy for >150k earner to own investment property
Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...