Joe Rest
Total recapture depreciation when selling an house
I am trying to figure it out how to identify the total recaptured depreciation to report for tax purpose as result of the sale of rental property. The first realization is that this is a TOTAL recapture depreciation ...
James Hedgecock
Owner's liability when a contractor damages tenant property
I recently had a contractor that disposed on a tenant's personal property while doing a job. the contractor admits fault and wants to compensate the tenant, but the tenant is claiming a value much higher than what the...
Tyler Masar
Typical Expenses for apartment or multi-families
Hi everyone!I just got started with BP and am trying to practice analyzing deals when I find listings. I know these expenses definitely vary depending on specific situations, housing types, location etc, but would any...
Manuel Toledo
Selling paid off home to buy other properties and pay off debt
Good day everyone,I currently have a paid off home in Las Vegas I’ve owned since 2015. Been renting it out since purchase and seen values go up. I wanted to see what everyone’s take is on selling the home for its in...
Ricky Ward
land contracts
I just talked to an investor that said she buys foreclosures from the bank using a land contract.I have never heard about this and was wondering if anyone could elaborate.
Justin Johnson
Income Cap for Rental Deductions?
Bought my first SF rental in 2017. Was excited to begin doing my taxes and deduct all my expenses I spent in re-hab, travel, etc. Turbo tax is indicating that if you make over $150k then rental deductions are not allo...
Joseph F.
Buying using investor's money
I have several people interested in partnering with me to invest in RE. I have owned rental properties, in one form or another for 20 years. I have owned rental properties as a true form of building wealth, cash fl...
Thad Gerber
Can I use Section 179 to expense a new roof for a commercial building?
I need a new roof on one of my commercial investment properties. Can I expense the roof or do I need to depreciate it? My CPA says I have to depreciate it over 39 years but another CPA told me I can expense it.
Account Closed
What do with tenant's stuff after eviction
I have the constable coming out to one of my properties later this week to kick out a squatter. My question is around the squatter's stuff. What obligations do I have to the squatter's stuff? Can I throw it all away? ...
Jason Stern
Self Employed Tax Savings & Use For Future Real Estate Investing
I am looking for financial tips for my particular situation....I am a firefighter and also a self employed business owner. I work full time as a firefighter in Miami working my normal 24hrs on, 48hrs off. I also work ...