Lloyd Segal
Economic Update (August 10-14, 2020)
Economic Update
(Monday, August 10, 2020)
The resurgence in coronavirus cases is sidetracking an economic recovery that gained steam in May and early June, slowed in July, and now indicates a rocky path ahead. ...
Chris Leger
First Rental Renovation - What to do?
Hi everyone,Looking for some help.So I recently bought a 4 family property with two houses (one single family and a 3 family) in Woonsocket, RI. I'm going to be living in one unit of the 3 family so I am trying to dec...
Jessica Kirkpatrick
Opportunity ZONE HELP!!!!!
Hello, I need some help understanding the new tax laws. My client wants to sell his 5+ unit for $600K and buy a house w studio for his art business with proceeds. Right now he'd have to pay $120K in capital gains (20%...
Cathy Malmrose
Terminology for "Upside Potential" / "Renovations for ++$"?
Hi, I'm about to put a quad on the market that has been pulling $31k /year in NET profit but could be pulling more with a few more renovations. For the buyer I am submitting: 1. a 2020 P&L2. a list of the renova...
Corey Gregg
Heat Pump Tax Incentives for Rental Property in the Inflation Reduction Act
Hello, I own a duplex and I currently live in one side and rent out the other, although I intend to move before the end of this year when I will rent out both sides for LTRs. The air conditioner and heating system on...
Arthur Banks
House hacking - improvements out of my pocket or rental income?
I'm currently "house hacking" a 2 unit. I was planning on staying only one year before moving on to the next to repeat. But I may stay another year. Anyway, the question is since this is my 'home', I want it to look...
Ben Miller
Advice on North Carolina Rental Property
Hello Everyone,
I'm trying to figure out the best move on a rental property that is currently yielding a negative cashflow of $200.00 per month.
I bought the home (before the crash in 06') in NC when I was in the mi...
Sean Salandy
Danger in Using Home Equity Line to Purchase Real Estate
I am planning to use my home equity line of credit that I received on my primary residence to put a down payment on a rental property. During the application process for the HELOC, I told the bank that I would be usin...
Nate Roman
What are the tax benefits of owning real estate?
I was wondering what the tax benefits were of owning real estate? I know it is agreat investment, but I wonder what all the little details were. :mrgreen:
Ethan G.
Thoughts on when to replace Water Heater
I have a rental house built in 2001. The water heater is upstairs in a closet (all of the upstairs is carpeted). I have heard the average life of water heaters is approximately 15 years so we are nearing the end of it...