Spencer Wetmore
Upfront PMI Deduction
Hi Everybody - I purchased a 4 family home in 2016 using an FHA loan and paid 1.75% up front PMI at closing. Does anybody know if and how I can deduct this amount? All I can find online is this is normally amortized o...
Peter Doran
Airbnb rental interest and tax deduction
Hi, got an extension of filing since getting bogged down with details. I have two residences I airbnb out (whole house) when not there. My expenses far exceed my income and so I'm getting limited on many expenses. Can...
Chris T.
1031 Exchange: Veterinary clinic exchange for single family STR
My wife is selling her veterinary practice (both the real estate and the practice). Is it acceptable under IRS rules to do a 1031 exchange into a single family short term rental property? I’d love to avoid capital gai...
Gary Ryan Herndon
Seller credits + repair credits... Can I bundle the two?
Greetings BP community,I recently placed my first rental property under contract for 100k a month ago in Atlanta, Ga. I was initially using a hard money lender because of income verification issues but I was able to p...
Jason L.
LLCs - Umbrellas/Profit Draws/Multi-memeber/Taxing
Good afternoon,I'm just getting started in real estate investing and I'd like to know opinion on creating an LLC for the purpose of limiting liability on these houses. 1. Is it possible to create a parent LLCs and hav...
Pra Che
can 1031 funds be used in multiple transactions
hi experts/advisors, i'm looking into doin 1031 from a prop sale and thinking loud if I can use those funds in a multiple transactions (1+ property) scenario? please share your thoughts on how to go about doing this. ...
Stephen Dickey
HUD's HOME Program. How does it work?
Hello!I am looking for some insight for anyone who has worked with the HOME Investment Partnership Program provided by HUD. I plan on contacting a local representative regarding the issue this week to receive more gui...
Andrew Namkoong
Depreciation Basis for BRRRR property
Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...
Tarik N.
Rent income protection
Hello,
I was thinking about using a company (Nationwide Rentsure) that provides rent income protection during eviction proceedings. They handle evictions, pay the rent for the duration of the eviction and pay up to a...
Joshua Taffe
STR Loophole Cost Seg
I have a quad w/ 2 units on LTR (1 Unit needs Reno, once a tenant moves out) and 2 units on STR after conducting a cost-seg and using the STR loophole with material participation against my W2 income would the entire ...