Tricia Laux
Lead Disclosure- House built in 88
Good morning,
I am drafting my first lease, and had a question regarding the lead disclosure- it is a SFR that was built in 1988, so no lead paint. Do I still need to put the lead clause in the lease and give th...
Sebastian Mau
Non-resident investors - rental income tax
Q: If I get rental income from US properties as a non-resident, do I have to pay 30% taxes on it?Hi all, I have seen a lot of questions around this topic and I did some research because I had a similar question. Hopin...
Danielle McCulloch
Buying out of country Property to use as Airbnb.
Myself and two other partners are looking at purchasing a property in Cabo to use as an Airbnb. All US citizens, however 1 of the partners lives in Cabo and will be hands on manager living at the property full time. P...
Michael H.
How do I interpret "Primary Residence?" IRS seems vague :(
Hi folks, I'm purchasing a condo in San Juan, PR as my Primary Residence, so obviously the bank and the IRS expect me to live in that condo for "the majority of the year." I thought the IRS would be more specific by s...
Rahul Gupta
Primary property exception rule on 2 houses?
We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...
Max Smetiouk
HELOC from Primary residence to buy land and tax implications?
Hi,Could someone share any IRS experience or their stance on tax deductions changes that went into effect after 2017?Question, can i use HELOC from primary residence to buy land somewhere else and be able to deduct in...
Cole Black
Lending in Ontario for a youngster
Good evening BP community, hope all is well. I have spent the past few months learning about real estate investing, I have listened to many podcasts and read quite a few books on buy and hold investing. I feel as tho ...
Moriah Giles
Getting that first investment property..
Hello everyone, I have been studying RE investing for a few months now and deciding I want to invest in my 1st single family property, locally. I currently rent out an apartment with a one year lease (halfway thru), H...
Thinh Duong
San Jose unpermitted ADU Amnesty program question
Hi fellow investors/home owners,Has anyone gone through the process of legalizing your existing unpermitted ADU? I'm currently just getting started on my ADU (purchased as is.) The Amnesty team said I can't go through...
Account Closed
Can I pay back taxes to prove self employed income? Or get a W2?
Hey guys! I just wanted to run this by y'all to see what you think- any input at all is very much appreciated!! Happy Holidays!!!Here's the scenario- let's say I have no proof of income. Can I file two 1040s and pay t...