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...
Anthony Markey
Saving For Down Payment on First Home Roth IRA vs Taxable Account
Hello everyone,I am in the process of saving for a down payment on my first investment property and am looking for some advice. Some background on my personal finances I contribute the maximum amount that my employer ...
Braath Waate
Assigning 1031 basis in a subdivided property used as a home
25 years ago I bought an income producing farm with land and a house. I used a 1031 exchange from another business property to pay for it partially. I lived in the house.Skip ahead to today. I subdivided the house ...
Gregory Tam
Looking for Help Entering Real Estate
Hello Bigger Pockets Forums,This is my first post to bigger pockets so please bear with me. I’ll start with a quick introduction.My name is Gregory Tam and I am a 23 year old recent college graduate. During my time in...
Costin I.
What should one use for the home basis value in a CSS?
My understanding in this matter, there are several options for selecting the home basis for a cost segregation study:
A. Property appraisal (if you have one).B. Tax Assessment – tax assessment for the property in que...