Mike Reynolds
In laymens terms please
I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...
Barry Cooley
Renting a Life Estate Property
Good afternoon BP members. I have a situation that I hope you will be able to help me with. My mother has been in a nursing home for over four years. During this time, her home has sat vacant. The property is in a lif...
Violeta Skarpeta
Is an invasive ivy climbing my building a problem?
Hello tribe!How big of a deal is it that my brick building is getting covered by some type of ivy? (I assume it’s not poison because I didn’t get burns)If it’s a problem - any tips on mitigating?Thanks all!
Raj Pal
Can I Not Claim 'Depreciation' on my rental Property?
Hi,I am new to Rental & Not familiar with taxes.I don't see much value by claiming the depreciation and as shown below, the allowed deductible rental loss is very less.I want to understand the consequences for not...
Garen T.
Pre-Agreement with renter: Bypass moratoriums
This is one of those "shower thoughts" that we all sorta get. At least I do. Let's say I'm getting into a new lease agreement with a tenant. This is nothing to do with current, only future. Is there language that coul...
Wendy BK
What's the best way to add a person to the title in a short sale?
We are closing in a week for a short sale. The current PA is only in my husband's name, however we want to add our business partner's name to the title. And it is a cash purchase. Can anybody suggest a good way t...
Ray Tripp
Parents real estate
My parents just retired and are now looking to sell their RE investments. I’d rather keep them in the family as long as the numbers look good. They have two years left on the consolidation loan. Included are six singl...
Faye R.
Thoughts on Senate Bill 608?
I've only browsed it so far and am wondering if, aside from opinions about whether or not the bill should be supported conceptually, has anyone identified unexpected issues that it's passage will create?https://olis.l...
Seidy Lasker
Roth 401K transferred to regular 401k?
I was wondering what the tax consequences would be if a Roth 401k is transferred to a regular 401k or is that not possible? And what are the future ramifications when withdrawing from the 401k since part of it should ...
Tyler Thrush
vesting
I currently own three rental properties with two partners and we are trying to figure out the best way to hold title in order to insulate ourselves and to have everything in writing. Two properties are in one persons ...