Disclaimer: I understand that I should consult a cpa for specific tax information. I listened to a podcast a while back (I believe it was Brandon Hall?) Regarding house hacking and taxes.Im unmarried and have not had ...
I friend of mine asked me if she should depreciate her home or not as she is bringing in a renter. Her CPA is going to run numbers for her, but I told her I would ask BP community if you had any good insight or innov...
Haven't done a sec 8 for many years and now have an applicant. I just lowered my asking rent. If it is below what sec 8 pays can I ask for the higher amount? After all it is worth more with all the hassles. Would p...
I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...
Greetings! i closed on a short sale 4 plex in Stockton in January. All units vacant but for one section 8 tenant who lost her vouchur before close of escrow. Seller had let her stay by collecting her portion of the re...
Good morning all. One of my rentals has a section 8 tenant. Tenant has not been paying his portion for months. Owes over 2K in rent but I have been collecting section 8 portion. My question for the community is: Since...
If I am claiming the rents paid by tenants as income, should I be claiming mortgages that I pay for those rentals as an expense?Thank you!
Okay, so what my husband and I want to do with our rental property when it sells is buy a small livestock hobby farm consisting of chickens/goats and a dog kenneling, and or a small organic vineyard. This means we h...
We’re having an investment property built that we are planning to live in for a while, build equity in and then sell. We also are hoping to rent the basement on AirBnb. How does that work with paying capital gains on ...
If you have $200k sitting in your checking account and wanted to invest them in Florida, what would you look for in a market like the one we have now. - Would you buy 4 condos where you give $50k in each and finance t...