Joe DeLuca
HVAC Replacement from flooding
Hi All,So we got hit pretty hard from Hurricane Ida and need to replace two full HVAC systems in our Triplex. I understand that this doesn't qualify under the de minimus safe harbor exclusion.
Is there any way to wr...
Clifton Burse
Tax foreclosure overages...
Hello, Im looking for any help in getting started in Tax overages, I don't want to buy a $1000 course about it. Hopefully some help if someone knows about how to do it in the states of Maryland, DC, or NOVA....
Samuel Scott
Looking for Business Partnership between Investor/ Contractor.
Hello,I’m Sam a Licensed Contractor in San Diego, CA. I’m looking for a business partner/ investor to invest on what could be a great mutual deal between an investor / contractor business relationship. So, here’s the ...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Adam Briceland
Need some help clearing up a 1031 Exchange debate
I am looking for any help clearing up my understanding of a 1031 exchange. I was under the impression that if you had several properties you are allowed to take all the proceeds from those properties and roll them in...
Chris Clarkson
Selling business/building and want to reinvest into real estate
I’m closing on the sale of my business and building in the next few weeks. l plan to use that money to start investing in real estate. I’m particularly interested in small multi family and/or medium term rentals. I’...
John Stanley
avoiding capital gains tax on foreign property
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
Samuel Kunzman
Tax Implications of a Cash out Refinance
Hello, I am trying to determine whether the interest on a cash out refinance for an investment property is tax deductible. I know on your home if you do a cash out refinance that you have to spend the new delta of loa...
Mike O.
Cash out refi tax question
Earlier this year I did a cash out refinance on 2 townhomes(both did not have mortgages) and now I have a $500 and a $1000 a month payment. Both townhomes are rentals in my LLC. Are these payments write offs against ...
Patrick Moore
Pre-quote questionnaire from portfolio lender...
I just got off the phone with a portfolio lender that my realtor, @Edward Pluchar, referred me to. I got approved! They sent me this questionnaire to fill out and I have a couple questions. What is the highest mid FIC...