My question is I have a property that I am repairing and renovating to become a future rental within the next year or so. I think that I should be able to write off the expense of renovating, as it will become a renta...
Hello,
I am looking at building a primary residence with one of the large builders in my area. The Utah State Legislator passed a law last year overriding all HOA's allowing Primary Residences to have rentable ADU's...
In the NNN world what does typical financing look like? i.e. What are typical term lengths? What are typical interest rates? What is a required minimal lease term remaining on NNN tenant? What is minimal amount of...
I am looking to place a offer on a foreclosure and they are asking for our highest and best due to multiple offers. They are also asking for whether or not it will be our primary residence. Considering the fact me and...
Hi all,
I have stayed in my primary home for 2 years and the latest loan refinance is Sep, 16, 2020 (Quicken loan).
Early this year, because the low interest I purchased another property with better school and neig...
So I'm wondering if it still makes sense to pay off the primary mortgage when I don't do itemized deduction anyway. I refinanced my rental with cash out because I couldn't get anybody willing to refinance principal un...
Hello all,
Let's make this brief
Recently pre-approved for 300, teamed up with my realtor and went on the hunt for my ideal starter home, white picket fence all that good stuff. Two Weeks in and i'm slowly realizin...
I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
Hi there! I'm looking at buying an existing home in Denver (RiNo) that's currently set up as an AirBnB (upper/lower unit). I'd live in the lower unit and rent the upper unit on AirBnB. I've done some reading about ...
Scenario:Sell a rental I've held for many years in an LLC. Net $250K1031 the $250K into my former primary residence which has been a rental for the past year, but lived in 2 of the past 5 as my primary res. I hold t...