Denny Cash
Tracking Categorical Expenses
Hey BP Fam. This is my first year as a landlord. I have grown to having three single family properties and one duplex. As I have grown, I have learned (continually learning) more on how to structure my finances to ens...
Tim Lee
Rehab or none for taxes
If the cash on cash return is the same for 2 properties on the market, but one needs rehab and the other does not, which is better for tax purposes (deductions, depreciation)? Sorry if this is a very basic tax questi...
Henry Reimer
Rental Property Expense Percentages?
So I am trying to refine my spreadsheet for rental property analysis, and I am trying to figure out what percentages to allocate for the various expenses that come with a property. Right now I set aside 24% of the gro...
Shalin Patel
Mortgage/LLC structure tax liability in 100%/0% partnership.
My father and I are working on our first triplex deal and plan on transfer to an LLC after closing. I will be supplying the down payment for the mortgage and initial costs. Ultimately we would like all the profits/los...
David Dachtera
Forbearance? Foreclosures? Evictions?
As the scheduled expiration of some programs approaches, there will be much speculation about, "What next?"Some of what I'm already hearing ...Forbearance / ForeclosuresSome are saying that these could present opportu...
Jess Archives
50/50 Partnership, Deductions, and One Name on Loan
I’m trying to understand how to structure a 2 person partnership.Money and profit is split 50/50.But the loan will be in my name. We’re doing the first few purchases with an Operating Agreement only.Does anyone see an...
Account Closed
Cash Management Help to Fund Next Property Acquisition
Hey BP Community,Recently graduated and have been in the working world for just under a year now and am seeking advice on how I should be allocating money. My goal is to acquire my next property in the next 3 years. F...
Anthony Del Russo
House Hacking Tax Deductions: Nitty Gritty
Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...
Jay Peacock
1031 Exchange Debt Replacement - is it mandatory?
I am selling a rental house that I have used as a rental for 20 years so I have a lot of capital gains. I intend to do a 1031 Exchange and buy another house which will be as a seasonal rental. I would intend to rent...
Srinath Shankar
California condo depreciation
Newbie from the bay area, California. I have only invested in stocks so far, but recently have been considering a residential condo unit in my geographic area as a first step. One aspect I am particularly interested ...