Christina Galdieri
1031 Exchange for a small business?
Hi All, Is there such a thing as doing a 1031 exchange or a small business. For example if I sold my business then used the proceeds to acquire another one or several?
Gregory Jansen
Need a 1031 and CPA professional
Hi I sold a duplex and purchased two properties in Phoenix with a 1031 exchange. Long story short, my longtime tax preparer was not available to do my taxes for 2019 and I had to scramble and do them myself and get t...
Nina M.
Carpenter Bees questions
Hi BP!Some carpenter bees made sawdust and holes on my front porch. It's been taken care of. See the pictures. My PM told me the white stuff is the Trie-Die Chemical and it will not stain. As soon as the contractor sp...
Calvin Kwon
Cost Sharing an Apartment (Tax Implications?)
I have a spare room in a 2BD/2BA apartment. I rent the apartment unit and I am looking to rent out the extra room. I was going to use the two rooms for myself, but decided to rent out the spare room. What are the tax ...
Israel R.
Need Help Finding a Real Estate CPA
Hi all,Can anybody recommend a real estate CPA in California. I am looking to grow my business and purchase more properties, so I need someone that can help me with my taxes.Thanks in advance!Israel
Jodi Tommerdahl
Looking at a multifamily with bedbugs
I'm looking at a small apartment building in TX tomorrow and see in the documentation that there's an exterminator's bill for killing bedbugs. Can anyone advise me how big an issue it will be if I buy a building with...
Shawn D Augusti
Start-up cost tax deduction
I'm in the process of acquiring a second rental property. Can I calm/deduct start-up cost for this property if i add it to an exciting LLC which already holds my first rental or what that expense be considered "operat...
Hiro Kitagawa
Termites damage in potential property
Hi BPers!
In a few days I will be viewing a property that has known issues including portion of the house having termite damage. It's an off market deal and owner would not pay to fix it. It would be my first propert...
Kurtis Sargent
First time remodeling project - Learned a lot
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $8,000
Cash invested: $20,000
In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 a...
Andy Winningham
Classifying as a rental property vs. classifying as a second home
Hello. Question for the community. I'm a financial planner in Dallas, TX and I've got a client who is considering the following decision and I'd love to hear some wisdom about how to advise him to proceed. Situation. ...