Travis Frenchak
Writing off 100% of improvements first year
Is it possible to write off 100% of the repairs/improvements in the first year instead of taking it over a longer term? I put about $70k into a buy and hold this year and would like to write it all off. I understand t...
Kevin Dang
Types of Life Insurance Coverage
If you are thinking about buying life insurance coverage, an introduction of the offered types should prove handy. This short article will briefly talk about the distinction between entire and term life insurance, as ...
Pixel Rogue
Next step....ways to invest after selling...
This question is a little broader than 'real estate' as the solution yet looks like a good place to ask.
We are considering converting one of the investment properties into our primary residence.We might do this onc...
Kenny Wyland
Seller Financing CA FTB Form 593 for the Buyer?
I'm purchasing a new rental property and the Seller has agreed to do an installment sale (seller financing). The escrow company just gave me a copy of Form 593 which appears to say that, as the BUYER, I must withhold ...
Jeff Duford
Used HELOC for repair, how do i deduct on taxes?
I used a heloc from my personal property to pay for a new hvac unit in a rental. in my upcoming taxes do i deduct the entire cost of the hvac or just what ive paid for it thus far out of the heloc?
Sheamus Meier
Homestead Exemption on a Duplex
Hi everyone!
I recently bought a duplex and live in one side while renting out the other. I am filling out my homestead exemption and am wondering how to answer the question, "Is any portion of the property for which...
Hoan Thai
Reducing total interest paid to your 30 year mortgage
I just got back from day 2 of the Rich Dad seminar taught by Elite Legacy Education. Our instructor Trevor Evans showed us what they call "Double Principal" payments. This is NOT the same as paying two mortgage paymen...
Account Closed
Million Dollar Listing LA / NY Series: Prepaid Rental Deals Legit?
have noticed in multiple episodes of Million Dollar Listing LA (and possibly NY but i rarely watch that one) that sometimes in marketing the sale of some homes, a rental deal is closed where the renter agrees to prepa...
Kristen A Gleason
Out of State Tenant - Holding Deposit
Hi BP community,I have a tenant applicant who is moving from out of state and will not see the property until they move in. They are planning to move in the property in late April, but are willing to pay for the enti...
Patrick J.
How to avoid LTCG tax?
If someone made 200k and had 250k in LTCG, then would they would have to pay 25% on the entire 250k since the LTCG is around 441k? Would their ordinary income rate also go up?