Antoine Ferguson
How homestead exemption works?
How does homestead exemptions work? From what I gather only your primary residents can qualify but I'm not sure on how or why to apply or if I even qualif... I'm new to real estate btw 👌
Juaneka Brim
Advice Please! First Multifamily purchase
I have decided to go for my first multifamily purchase. Considering 2-4 units. I had started this process back in March, but put it on pause. I have now decided to move forward. My questions have to do with funding it...
Mike Harvey
Accounting - Seller contributions
I am updating my records in Quickbooks for my latest rental property. There are a couple items I'm not sure how to account for. Can anyone offer any advice?
- Seller paid closing costs(I got them to contri...
Krista Roodzant
How to factor in the depreciation and losses into your ROI
Maybe this has been posted before, but I'm not finding it. After speaking with our accountant, it seems like we need to be accumulating a portfolio to help offset the W-2 earnings.  How do you calculate the depreciati...
Rodney Morris
Selling under land contract while using an agent
A little background:I am a month into trying to sell my first flip. My original thought was to sell it FSBO, but found a multi family on MLS. Our bid was accepted but it was contingent on us selling the flip. We liste...
Joel NA
Using Equity Line for DP
What are the negatives concerning using an already established line of credit to generate a down payment for a buy and hold rental?
This is assuming, of course, that I'm buying right and that the property will cash ...
Lubasha White
Can attorney reduce HOA liens?
Just bought the condo with HOA lien attached. Spoke to attorney, she is talking about that might reduce it up to 50%. Could anyone, please, advise is it for real, or I would rather through the money in window along wi...
Anish Arora
depreciation recapture when selling rental SFR
I can't deduct depreciation of rental SFR as I does not qualify as "active" real estate investor because I have full time day job and SFR rental is only part-time.When I sell this rental SFR, I recapture depreciation ...
Aroldo Gonzalez
Second property investment
Hello everyone, I am contemplating on purchasing another property in SLC. But with the new high interest rates it is very hard to decide if I should wait or bite the bullet. My current property was purchased in 2020 w...
Peter Mikhjian
Rental Property Sale + 6 Figure Capital Gain = Huge Tax Liability
I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership). We put about $25k into ...