Jerald Alford
Things left behind while under contract!
Can any one tell me what they do with items left in the houses that are under contract before the property is actually sold to a Cash Buyer.
Carl Fischer
Last minute tax moves for new bill
Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
Jacky Peng
What’s the Cost of Converting a 330-350 Sq Ft Garage into an ADU/JADU?
Hi Bigger Pockets Community,
I recently decided to start a JADU project (330 sq ft) using my garage. The first quotation I received from my contractor is $90,000 ($273/sq ft), or $100,000 ($303/sq ft) if additional f...
Saikhantal Yu
Am I responsible when contractors I hired broke tenants' stuff?
Hi all,Recently I hired an independent contractor (great reviews on Yelp) to fix a few appliances in the kitchen. Things were fixed perfectly, however, the contractor brought some minor damages, for example, scratchin...
Nagesh Pulipati
After 401K Trasfer to Solo to ROTH IRA?
Hi Recently I have transferred After Tax 401K to Solo 401K. This is from Fidelity. I checked in Fidelity transfer detials, it says clearly Total Non-Taxable Amount for the line item. My question is, can I convert Afte...
Chad Hart
San Diego - condo conversion help
I'm looking at an 8 unit complex in San Diego that I am researching converting to condos to sell individually. I've read the info bulletin 539 from the city and looks mostly straight forward but can't tell if it's a g...
Ray Martinez
Start Up Costs for ADU - Expense/Asset Deduction?
Hello,I'm filing taxes for the 1st time with an ADU rental income. When browsing through the questions around the rental property, I came across the expenses vs assets topic.I spent the last quarter of 2020 starting t...
Jim Herbst
Can this be considered a legitimate business expense?
I purchased a new air conditioner for my primary residence in the summer of this year. In the fall of this year I purchased a new primary residence and began to rent out my old primary residence. Can I count the ...
Raeshal Solomon
What am I doing wrong
Hey I'm in the process of flipping my first house and I have a hard money lender loan. I did not realize that you don't get your draw until after a part of your project is completed for example you get your demo draw ...
Corbett Brasington
Getting first right of refusal on deals, is this legal?
Being in a competitive market I am looking for ways to legally gain an advantage for BRRRR homes (that need to be fixed up), especially with on market properties. I am new to this but an idea that came to me is offer...