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 ...
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...
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...