There is a 4 bed room 2 bath home that I am looking at purchasing. It is set up like a duplex as there are 2br/1 bath on each floor. My costs after mortgage/ insurance/taxes would be 2,987.18$ per month with a 7.125%...
So I understand the general answer would be to discuss my personal situation w/ my CPA, but in general- how would it work if I wanted to use a 1031 to defer taxes on a property I sell, but do so via seller financing? ...
I am looking at purchasing a 2 bedroom 1 bath older home that currently has a long term renter that has subsidized rent. Is it a could idea and even possible to vet the tenant especially since they have a life time le...
Hi all, a friend of mine had a parent who passed away. Following probate, the property was left to her and her brother. She would like to partner with me and flip the home, but her brother just wants his money and be ...
Newbie in Austin TX. Need CPA who's knowledgeable with rentalsHello I'm new in Austin, I purchased a duplex which I am living in 40% of and renting 60% of (though I'm currently between tenants). If anyone would care t...
Is it possible to use Conv financing to personally buy a MFR (to live in and rent) and use 1031 funds to do it?
I cant find this exactly on the IRS pages, but I have read on some sites that I may have to claim the insurance payment, as rental income, and then the entire cost of the repairs add to normal repair on schedule E. Is...
My wife and I are looking to buy a duplex and house hack it for 2 years. If after those 2 years, I rent out both sides but sell the property in less than 5 years, would I have to pay capital gains taxes on it since I ...
Hey guys! I am hosting an airbnb property for my father-in-law. He wants it completely hands off and for me to handle everything. I have added my tax information int Airbnb as it required. I am hoping someone can len...
Hey guys. I started doing real estate in March 2019. I just purchased my 12th property. I am just starting to look into options for refinancing them to get my cash back out. Should I consider doing a portfolio loa...