Bob Malecki
Are fractionalized deed of trusts allowed in Washington state?
As I recall WA does not allow fractionalized deed of trusts for real estate, but a friend of mine actually participated in one as a lender on a 4-plex investment in Seattle. The borrowers stopped paying him so he want...
Chris Odell
UBIT for Self-Directed IRA
Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...
Wensheng Chen
Can this still be considered a primary residence property?
I purchased a primary residence property with another co-owner in NYC in 2016. The mortgage loan is 100% under my name. 2 years ago, I moved & converted the property to an investment property, and purchased anothe...
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Erik K.
Roommates and California's 2019 Tenant Protection Act
Hello all. Currently, I only have rental income from renting individual rooms to roommates.Does the statewide rent control apply to the two room renters in my manufactured home?
Kim Puckett
Taxes in SC are killing us - investing in GA or NC?
We currently have 2 properties in SC and the non-resident taxes are definitely cutting into our ROI. Was thinking today, since we are out of state anyway, maybe we should be looking in NC or GA. I have searched both s...
Jack B.
Weird tax questions selling my house
The form escrow provided me asked if the sale of the house is greater than 250K if I'm single or 500K if I'm married. It doesn't ask about capital gains. Heck, I bought the house for more than twice the 250K amount th...
Account Closed
ADUs in the Bay Area
Early this year, the State made it easy for homeowners to add an ADU on their property. On a cap rate basis, it seems like a great deal for homeowners or investors who want to earn some extra income for their property...
Alberto C.
Renting out bedrooms in your house & Florida homestead exemption
Dear all,Planning to buy house in Gainesville, Florida. I am not an American citizen but I am applying for the green card, which I should get in one year or little more. Homestead exemption can only be given to green...
Bill McCasky
move homestead exemption from SFH to a "house hack" quadplex?
I'm moving into 1 unit of a quadplex that I'm purchasing via a pocket listing, closing this week.Is it better for me to leave the homestead exemption on my SFH (appraised at $225k) or move it to the new quadplex (appr...