Geoffrey O'Brian
Curious 1031 Exchange Question about Basis & Depreciation
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
Digger Odell
Home based business
Do I understand correctly that one can deduct that portion of your home's property taxes as a business expense that is used for your business?If so, is that based on the square footage used to support the business? In...
Colby Hughes
Understanding Refinance Strategy
I am brand new to the investing world and am starting to look for my first deal. My plan is to basically follow the BRRRR method using hard money for purchase and rehab and then refinance into a DSCR for the long term...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
John Mezzapesa
Owner occupied triplex tax question.
My wife and I own a triplex in which we reside in one of the units. The portion of the property used for personal use is 52.8% and the portion for rental usage is 47.2%. The full mortgage on the entire property is ove...
Jessica DiPonziano
Section 8 Rent Issue
Hey all looking for some advice. We have a Section 8 renter who always pays their portion on time, but the Housing/Govt is paying the wrong amount and have been for months. After we raised the rent they were paying th...
Jeff Burdick
random HELOC question/hypothetical
Hypothetical: Say you have a property worth 100K. You have an owner occupied 30 year fixed first mortgage that you owe 70K and have access to, but are not currently using a HELOC for 10K. Then the housing market c...
Thien Tran
Section 8 Experience in Memphis
Hi everyone - I was wondering if any investors or PM have experience with renting SFH to Section 8 tenants in Memphis. Do you mind sharing some of your experiences, pros/cons, etc? I have some interest from section 8 ...
Craig Robinson
Tenants refuse to leave when the lease is up
Hello, I have a question that pertains to a rental property that my parents own. They rent section 8 to a family who refused to leave when the lease was up last summer. The tenants do not pay their (small) portion of ...
Jeff P.
Roth SDIRA and UBIT/UDFI
I have a checkbook control Roth SDIRA and plan to invest in multifamily syndication. I am concerned about how UBIT/UDFI will kick in. I am new to this so forgive me if I don't present it correctly, but here is a hyp...