Samantha A.
How do you get multiple mortgages with BRRRR?
I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with you...
Kaylin Gonzalez
Which one would be better DSCR Loan or Second home/Vacation home loan ?
Looking into purchasing a vacation home and i just learned about different types of financing products and I'm curious what is the different between DSCR loan v second home/vacation home loan ?
Melanie Johnston
Opportunity Update for the Phoenix Market: 12/12/22
Last week the President of the United States and Tim Cook, the CEO of Apple Inc., among other dignitaries, came to town to commemorate a milestone at Taiwan Semiconductor Manufacturing Company’s (TSMC) mega chip-produ...
Account Closed
Tax on Interest Income
Interest income is taxable on schedule B. As a lender, what if the note in addition to interest also calls for a split of the profits on a flip, is that also considered interest? I'm assuming lender has no ownership...
Sarah Robinson
Newbie question about getting my real estate license
Hi Everyone,Ok, I need some advice. I am a stay at home mom. My husband has a good career but we have always been interested in real estate investing (I have a background and degree in economics and small business). I...
Matthew S.
Depreciation Recapture Tax
What is the best way to delay or avoid paying depreciation recapture tax? It is my understanding that when you sell a property, you are required to pay back all of your accumulated depreciation at a rate of up to 25%....
John Underwood
VRBO and Schedule C or E article by an attorney
Here is the link.https://markjkohler.com/how-a-short-term-vacation-...My CPA had said to use schedule E for my STR on Homeaway. Then I saw a discussion on why you should use schedule C.This attorney explains why you s...
Philip Sriployrung
Bonus Depreciation - Schedule E vs C
Hi everyone,I'm using a FreeTaxUSA to file my taxes. I currently own one rental SFR, purchased May of 2018. I did an online cost segregation study through KBKG. I was able to break out my depreciation based on the 5/1...
Stephanie Cristiano
Offsetting gains and/or recapture with suspended loss carryover
I am trying to decide whether to do a 1031 Exchange or to sell an investment property outright. I have suspended loss carryover associated with the property. I often see general guidance such as follows: "If you ha...
Jonathan McKay
Under Contract for a 12-plex, should I cost segregate?
I've just come under contract for a 12-unit apartment in Spokane, WA that was built in the 70's and remodeled in 2014. Purchase price was $720,000, and I intend to hold on to the property for >5 years. It is not pa...