Bruce P.
Design feedback needed on removing part of a garden wall
Hi,
So my friend is building a ~600 sq foot ADU (Accessory Dwelling Unit) in their backyard to be rented out as a "private residence" (think of it like a 1 bedroom studio/apartment with its own living space/bedroom/b...
Russell Roberts
Tax effect of personal residence cash out loan used for investing
I did a cash out refinance on my primary residence in 2017. I did Not use the loan proceeds to buy, build, or substantially improve my primary residence. Instead, I used it to fund other real estate investments. So...
David Miller
Taxes on Capital Gains, special case
Hello BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
Tanner Marsey
100k short term investment
Good morning. Looking for some advice, suggestions, opinions and guidance. I have recently sold a property and will use it to acquire more in the near future, however, looking to do that In about 6-9 months. Wondering...
Derek Luttrell
Taxes for Renting Bedrooms
Hi everyone, I closed on my first purchase about a week ago (house hacking through roommates), and today my roommate sent me their $900 rent for August via Venmo. Rookie question here, but what do I actually need to d...
Denise Thomas
One or Two Property Closings required?
I am the owner of 126.39 acres with two (2) homes that I am privately selling. Ten years ago when I built the second home, I subdivided out 5.63 acres from the original 126.39 acres to put with this home. Partly to ...
Tanner Stallings
Lenders that allow Seller Finance for Second Position
I have a few sellers that are willing to finance / carry back a portion of the property, and I have been trying to find a lender that will allow this to function as a downpayment of sorts (they lend 80% LTV and seller...
William Stubbs
Starting out - Property Management Costs
I have a property that I previously occupied in NC that I have decided to rent out. I currently live out of state. I have received a quote from a property management company, and I'm not sure if the terms are typica...
Mark Ham
Structure depreciation required or optional?
So i understand you can record the structure portion of the property as depreciation as a paper expense. But do I have to? I expect the cash flow to be so small that taking the depreciation makes no difference. If ...
Sandra Regnell
Section 8 rentals - Washington State
Am I required to participate in Section 8 if someone with a voucher applies? I listed my requirements and the applicant told me, before applying her income didn’t meet minimum requirements. I am not well versed in Sec...