Adrian Jenkins
Short term rental loophole in LA or OC, is it even possible?
I have seen local CPA's claim they can help offset high W2's with short term rentals here in LA. Since LA has banned STR for more than 90 or 120 days, requires one to live in the property for 9 months or so and ADU's ...
Jennifer Bott
Owner-Occupied Multi-family Deciding Not to Re-rent - Tax Treatment
I used to rent 2 apartments on my property, but after Unit 2 tenants left in May of 2023, I decided not to re-rent Unit 2. I had been depreciating this unit. I can't exactly report it as a disposition because I'm ...
Adrian Me
Young couple buying first home
I am looking to buy my first home, to live in it, not for investment. Has anyone a checklist of things I should consider while looking for the house and before buying? Any books recommendations?
Jill Barrett
Our second income property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $4,000
Cash invested: $35,000
This was a big project. This property is a duplex owned by 1 family. The mom l...
David Beadles
Section 121 Exclusion for a Duplex when Occupying Both Units
Currently, my mother-in-law lives with me and I claim her on my tax return. I am considering purchasing a duplex where my wife and I live in one side and my mother-in-law lives in the other. If I decide to sell in 2 y...
Spencer Carpenter
Big Rehab vs Teardown and Rebuild
I am a novice real estate investor. I currently live in a 150 year old house that is 3bd 1 ba, approx 1000 sft, and was purchased in 2008 at it's highest value. With the exception of the roof, just about every part of...
X Sun
Remote repair for rental property as a newbie
Hey guysI came across a good deal for a house I would like to get as a rental property, and made my offer.After inspection, the report show some issues that can not be ignored plus some minor issues (faulty dishwasher...
Marshall Swatt
Options to update a 50's MiMo style 2-story home
We purchased a long neglected 50's MiMO style house in our neighborhood in upstate NY. I'd like to improve the facade and give it more dimensionality. Anyone have experience improving facades? Or any advice on resourc...
Amy A.
bedbug judgement
Wow, a tenant was awarded $800,000 from the landlord because of bedbugs! I hope the link below works:
http://shine.yahoo.com/healthy-living/landlord-ordered-to-pay-tenant--800k-over-bedbug-infestation-182955308.html...
Ellie Narie
Do rental properties count in your DTI ratio?
I'm a little confused on how to calculate the DTI ratio. If a rental property is in your name, and let's assume that 75% of the rents offsets the PITI but you have no cashflow. Let's say you want to go out and get ano...