Lyndsay Dentel
1031 into two properties, one new mortgage
Hello, I am trying to make sure I have this correct. We are planning on talking with an intermediary next week but I'd love to pick your brain. Newbie to the 1031 world.
Current property purchased: 400k, 300k mortga...
Nina Marie
Is House Hacking in Los Angeles Feasible?
I'm a newbie who is interested in house hacking in the Los Angeles area but I'm not sure if it is feasible or not (hoping to put in offers in October). I checked out the Bigger Pockets calculator but based on my input...
David Starr
How ot best navigate a 1033 Exchange
Property was a (1) small mobile home park...land and trailers, (1) house and (1) mobile or RV ready rental lot. Of course I would like to keep some of the proceeds but...looks like I need to reinvest the full amount...
Paul Winka
Help understanding Airbnb tax deductions?
I will soon be an Airbnb host and want to get my accounting right from the start. I am buying a house I will live in myself and rent out the different rooms for more than 14 days each year through Airbnb. I am aware o...
Mike Lynch
Help with 1031 exchange question
Hi,I realize that I cannot exchange investment property for a Personal Residence.I was told that I can do a 1031 exchange for a rental or business property.For instance: What if I purchase a "Bed and Breakfast" or cam...
Account Closed
$10,000 property tax deduction cap impact on house hacking
Hi!Just have a very quick question regarding the newly proposed $10,000 property & state income tax deduction cap. How would it affect the property tax deduction for house hacking (buying a multifamily and living ...
Anthony Chan
Sold my rental condominium (~15 years in service) - DO I NEED FORM 3115 ?
Hello all - Long story but any help would be much appreciated.• I purchased a small 1B/1Ba condominium in a high rise building in 2004 for personal use.• In 2010, I moved out and decided to put in in service as a rent...
Jordan Shutts
2017 Tax Implication
I’m looking at purchasing a home in my college town. I'm a 21-year old college student from NY. I will live in one of the 5 bedrooms and rent out the other 4 to friends. I have been pre-approved with a local bank to p...
Steven Segal
Bookkeeping and Accounting Strategies and Solutions - QB QBO
I've had issues conquering the least fun part of running businesses - bookkeeping and accounting. I'm sure people have gone through this before, so hopefully I can learn from how you all have conquered this.1. Quickbo...
Justin B.
Packaging SFR's
I'm curious as to how to package SFR's into a single deal. Here is why I ask. We have 5 SFR's right now. We're looking to move into Multi Family. We have the capital to get our first MFR and that's underway. O...