Ryan Davis
HUGE house hacker mistake...
When I bought my first duplex I planned to house hack. My mortgage payment was a supposed $906.59, and it was, for the first two months. Then I got an escrow statement in the mail. This letter made me aware that my mo...
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...
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 ...
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...
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...
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...
Maria D'Aura
1031 rental to a 2 unit property and live in one?
Can someone educate me on the guidelines and help me determine if this option is possible? I'm looking to understand what the determining factors are to decide if it fits a 1031.I'm selling a rental condo to 1031 exch...
Sean Dezoysa
Making Portfolio-level investing decisions
Hi;
I'm looking for a good resource for buy/hold/sell/future planning decisions across my entire portfolio (since I don't invest in properties in a vacuum). Are there any good materials for learning this?
Thanks
Scott Welch
BRRRR Property - Tax Question
Hey BP!I am hoping someone might be able to help or point me in the right direction on a tax question. I purchased my first BRRRR property in late October 2020. It needed quite an extensive rehab (~60k) and we will be...