Carlos Lez
PUA and schedule E landlord
I have been receiving Pandemic Unemployment assistance (PUA) due to reduced rental income and high number of vacancies. Rental income is my only source of income hence my tax returns generate only the Schedule E (pass...
Nemo Djuric
capital gains on selling condos in multifamily
I bought a 4 unit/multi-family in July 2017 and have been using it as primary residence since. During this time I did a condo conversion.This year I sold 3 of them (and used all the money to payoff mortgage and renov...
Manuel Lopez
Roof replacement due to hail storm on rental property. Can I write-off deductible?
We had a hail storm and had to replace my roof because it was all damaged. Total cost was $9k, insurance paid $5k and my deductible was $4k. I rent out 75% of my house, can I expense 75% of my $4k deductible? Does it ...
Lupe Santiago
Using Referrals for Private Loans
Hi - I have a question for some experts regarding hard money lending. I make private hard money loans for real estate investments, and under Nevada law, I am exempt because they are for commercial, non owner occupied ...
Pixel Rogue
Unique damages from exiting tenant…
Hello everyone,Have a long-term tenant who recently exited. We have been fortunate to rarely hold any security funds from former tenants. In this situation we have a former-tenant hyper sensitive to return of full se...
Jim Morris
How do you file against a contractor's shoddy (roofing) work
It pains me to no end to be writing the post. But we need some help/advice/ideas.
We own a duplex in Florida, it's right by the beach and we are out of state LLs. We had a new roof put on right at 5 years ago. As we ...
John T.
Rental property/ business expenses Qs
Hello BP,
We bought and rented our first investment property last year. It is in our personal name (no LLC) and we did our taxes for the first time. We were keeping track of our business expenses, particularly our ...
Daniel Sisto
MORTGAGE LIENS?
Good morning BP. About 3 months ago I was dealing with a seller of a beautiful town home in a great area. The home has been vacant for quite some time and needed about 25k in rehab, Throughout the negotiation process ...
Yan Kang
Concern over renting a SF property to an attorney couple
Dear BP experts,
Sorry to bother you with this, but I do need BP experts’ help in understanding the cons of renting a SF property to an attorney.
We got an attorney who liked our property and would like to rent it ...
Bomee Kim
Anyone heard of virtual CPA -"1800 accountant" is the company name - and use them?
Is there anyone here using virtual CPA called 1800 accountant? They claim they are comprehensive account who is expert in filing tax in everything including real estate, business, cryptocurrencies, options trading at ...