Account Closed
Tax implications for out of state purchases
Hello all. I have been a Pro member for a while and have really enjoyed listening to podcasts, reading posts and other forum information. I have seen Dave Van Horn, Brandon and several others that have been buying o...
Venu Kotla
Cash out refinance on property with 100 % equity
Currently own a rental portfolio of 800 K with no mortgage. How do you proceed from this vantage point 1. Cash our refinance for any potential tax deductions2. Using cash to increase the rental portfolio.
Todd Chandler
Anyone Have An STR In Georgia With A Direct Booking Website?
We have an STR in Northeast GA that is currently listed on AirBnB and VRBO. I'm using Guesty for Hosts and I'm playing around with the website builder and I'm strongly considering also offering a direct booking opti...
Amber Fiery
Any Extortion Laws that can be applied to a Landlord/Tenant situation?
My Grandmother-in-law and her daughter (Power of Attorney) sold the house out from under my father-in-law, my husband and myself. We had prior arrangements with her. One was to take care of her son, my father-in-law ...
Young Moon
Depreciation is standing the way
I am in the process of negotiating a deal for a 28 unit apartment complex. Seller has just talked to his accountant and said his tax hit would be too large if he sold to me because he has taken 10 years of depreciati...
Alejandro M.
Taxes in Garden City, MI
For those of you investing in Garden City, MI. I really like the area and was thinking that this is where I would buy my first deal. However, after doing the numbers it seems to me that taxes are ridiculously expensiv...
Cheryl Jones
1031 Exchange, Hold or Refinance
When it comes to these options, I think it really depends on the current real estate market. When I did my first 1031 exchange it was a good real estate market. Prices were not too high, but real estate was moving j...
Rob Brennan
Is offering month's free rent to 1st responders tax deductible?
I have a new 10-unit apartment building coming online June 1st, and my bank has extended my interest-only loan until November before converting to P&I. The building is 1/4 mile from the hospital, police station a...
Brandon Nahale
Can I sell as an owner occupant or do I need a 1031?
Hi Everyone,I own a condo in which I've built up a good amount of equity and I'm looking to sell it in order to buy something that cash flows better. So here's my question, if I bought the condo as an owner occupant ...
Nelson Fancher
Wholesale Great Deal
If I have a family member who wanted to sell there home with no equity. And behind on taxes. What would the best exit strategy?