Kent McDaniels
Added home value from ADU in PNW
Hey BP community, I am getting ready to put my home on the market and am having a tough time finding any solid information on how much value an ADU can add to a properties value. After i bought the place i turned a po...
J Lee
Obtaining vacant/abandoned or neglected properties
I recently came across some information on conservatorship in regards to neglected and dilapidated properties. I was wondering if there was a strategy or way to work with the city to take over high tax liable properti...
Steven Embree II
VA Househack 1031 Exchange w/ 121 Exemption
Here’s the skinny:I am a veteran with a VA loan for a fourplex in which I reside in one of the units. I have lived here for three years, meeting the 2/5 year requirement for Section 121 Exemption. I am considering the...
Sean Wilt
Do I pay Sales and Occupancy Tax on cleaning fees?
I know I will have gross revenue from rentals for income tax purposes which would include cleaning fees collected. For income tax purposes, I know I can deduct the actual cleaning costs so that portion of revenue bec...
Margo Snow
1031 exchange to buy investment partner out?
I am wondering if I can use 1031 exchange funds to buy a partner out of an existing investment property. Specifically, my brother and I are beneficiaries of a trust. The only asset in the trust is 1/3 ownership of a c...
JoAnne Jelks
Indiana Tax Lien Sale
Hello, my name is Joanne Jelks and I'm a brand new investor, and new to the industry. Any and all suggestions or advice would be well received. I'm currently looking into Tax liens and Tax deeds in the Lake County ar...
James Craft
1031 - 121 - Depreciation Recapture
I have a single family residence that I initially purchased as a primary residence, then rented out for some years, and now use as a primary residence again. During the period as a rental, I depreciated approximately...
Robert L.
Journal entry question for owner financed note
I sold a house with owner financing. Buyer put a down payment.I am carrying a note for the balance which buyer is making monthly payments. How would you record the journal entries for this type of transaction in cas...
Michael Saleh Azab
Depreciation means ? Do you pay it back ? You begin to depreciate
more info on section 8 needed in Richmond Virginia ?!
Jeff P.
Roth SDIRA and UBIT/UDFI
I have a checkbook control Roth SDIRA and plan to invest in multifamily syndication. I am concerned about how UBIT/UDFI will kick in. I am new to this so forgive me if I don't present it correctly, but here is a hyp...