Chris Ng
Reverse 1031 Exchange with a mixture of properties...
I'd like to do a reverse 1031 exchange. However, the property I'd like to purchase will not cover the value of the properties I'd like to sell, so I would like to park the remaining gain into some DST investments. Is...
Andy R.
Deducting Laptop From Schedule E
Hi, BPHow do we deduct a new laptop on the Schedule E form?
As you may know, each property has a separate column where we can deduct the property's expenses like: Mortgage Interest paid, Taxes and Repairs.
Under wh...
David Y M.
House Hacking Allowable Tax Deductions PSA
I went down a rabbit hole after putting up a post about tax deductions for a SFH, and I realized that many of us have the wrong idea about house hacking and allowable deductions. This is simply a PSA on the misinforma...
Duke Giordano
Debt deals that give off Business income considered passive?
Hello All,
As a high income W2 earner I am not looking for investments that increase my ordinary income. I recently learned about the existence of debt deals that give off whats considered "business income" or passi...
Matthew Apostol
Tax Question: Deducting home improvement cost
Hello,
In 2018, I had a contractor do a substantial home improvement project to my town home ($29k worth). The project included replacing the roof, replacing all windows, and installing aluminum siding to the exteri...
Nicholas Vandervelde
Homepath Pricing is a Joke!
I'm hoping someone can shed some light on a very frustrating problem I'm encountering with Homepath properties in Madison, WI.I'm looking to purchase, as an owner occupier, a single family home in Madison, WI. I rece...
Paul C.
Interest deduction for line of credit
Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
Michelle G.
Need financial advise on retirement savings
Hello,I am from Long Island and have a question regarding retirement savings. I have 3 properties (2 rentals one recently purchased) besides my residence and last year did my first flip. That flip did well. My husba...
Patrick McKenna
Electricity Charge for RV tenants in Mobile Home Community?
Hello All - I have a 75 unit mobile home community that is comprised of about 50 MH lots and 25 RV lots. For the RV lots, we currently bear the costs for water, sewer, electric and trash. Historically the costs have n...
Loc R.
Splitting a parcel
Let's say I buy a property with 2 buildings on it, and have a mortgage against the property.
Let's now say I split the property into 2 parcels, sell one and keep the other.
How would the lender (normally) react?
Ho...