Tami Goodrich
Pay Uncle Sam, or use $$ for a down payment.
Investment Info:
Condo buy & hold investment.
Purchase price: $275,000
Cash invested: $68,750
When my husband sold his company in the latter part of 2022, we were facing a large tax liability whi...
Kumar Gaurav
Book to understand depreciation
HelloI would like to thoroughly understand depreciation from a CPA's view point.Are there any great books and resources for this? Appreciate your inputs.Thanks
Kristi B Leonard
Experiences working with PCH (Preferred Corporate Housing)?
Hi all, Received a general lead in Furnished Finder this morning, MTR for construction crews through PCH (Preferred Corporate Housing). Company seems legit from what I can find online, but I can't seem to find any sp...
Johnson Yu
2021 Opportunities in Cleveland?! 👌Research Included
Howdy Folks! I was doing some DD on Cleveland, OH and concluded that it might be a great market to enter in 2021 for cashflow & appreciation, due to a couple of things: What do you guys think?
Marco:
- Heath Sec...
Jakob Kegel
2nd mortgage forclosure
I recently bought a property at auction where the 2nd mortgage foreclosed on it. The 1st mortgage seems to be current. I normally only buy houses where 1st mortgage is foreclosing so this is a first for me. Any sugges...
Account Closed
Underwater Foreclosure If Payments are Up to Date
Can a lender typically foreclose on a single mortgage property when it goes underwater, if the payments are kept up to date? In this example, lets say the mortgage is for $500K and the property was $700K and is now wo...
Benjamin Allison
Cash out refinance to buy second property
My wife and I are house hacking a duplex and we are ready to move to the next property. Can we do a cash out refinance to purchase the next property, to live in, if the duplex is currently our primary residence? We ha...
Andrew Goodwin
Multiple HELOCs multiple homes
My wife and I are about to purchase a fully occupied 3 flat. We also currently live in a SFH which is lien free, and a condo that is used as a rental property which has a mortgage.The question we have is... we'd like ...
Adam David Graning
Can I cost seg an Airbnb that closes on Dec 29?
Hello everyone. So I’m closing an STR property on Dec 29th. I know it needs to be placed into service in the year you claim accelerated depreciation. Does that mean I need bookings 2022, or do I just need to list it i...
Jeff Severson
SFR First Year Tax Deductions
I am a newbie. If I purchased a SFR income property for $200,000, can you give me the typical range of the dollar amount of bonus depreciation and/or Section 179 deductions that would result in the first year? Wo...