Ted Bozoukov
loss of rent coverage Farmers
My insurance (Farmers) accepted claim for flood damage. Kitchen had to be completely redone which took 2.5 months. I reduced rent to account for unusable kitchen. Tenants left after 1 month in the repairs after paying...
Marcus Welson
Capital Gains offset by loss on assigned debt
Hello fellow posters. I have an unplanned capital gain over several decades due to a property interest I inherited. I also have the opportunity to be assigned a debt owed to a professional services company. It is like...
Rich Lee
i'm renting apartment taking monthly hits to slow bleeding
First of all, I want to mention how great this site is. I just spent the last 4hours reading posts.
Now here's my problem... I bought a studio in 2006 with 0 down for $250k and put in roughly $20k to fix up the place...
Kyle K.
Exchanges and Excess Depreciation
I was reading an old BP article posted by Jeff Brown regarding the use of excess depreciation and how it could be used in replacement of 1031 exchanges: http://www.biggerpockets.com/renewsblog/2010/01/05/150k-year-exc...
Gariner Trinidad
tax benefits of buying a $2M dollar home as first time home buyer
As a first time home buyer and single, how can i maximize the tax benefits available to me if i decide to buy a 4 unit/multifamily house that is worth $2 million and property tax of about $30,000 per year?
Will like ...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Sattir Bitti
Payoff Primary mortgage with Rental property sale proceeds
Hi,I want to sell my rental property which had appreciated well enough to payoff my primary home mortgage. Any pointers on how the tax on appreciation is calculated taking into considering the passive activity loss ov...
Carlson Driver
Do expenses on long term rental reduce earned income
I have a long term rental in a duplex (one of which is already rented) that we are just putting on the market. We have spent say about $10K of money to rehab the property before renting it out. Assuming that our taxab...
Jeremy Janszen
Short term rentals and non-passive income tax classification
Hi all - I know this topic has been hit on a few times but I wanted to ask my question in a very specific manner to get collective expert feedback. I understand I should consult my CPA, and I will. They are, however...
Aashrit Luthra
Negative Cash Flow Impact on W2 Income Taxes
Hi all. I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down. The rent I can expect is $3200. This would surely put me in negative cash flow o...