Brian Henry
Tax Advice - College Rental Property
I bought a property last April that my son and 2 college student roommates are living in. Getting ready to do taxes for the 1st time since purchasing. Do I treat the property as 1/3 second home that my son lives in ...
Francis Dai
SAFE Act and the definition of primary residence
The SAFE Act states that a homeowner selling his primary residence does NOT need to employ a licensed mortgage originator.
What is the definition of primary residence?
If I buy a mobile home, move in, change the u...
Chris Good
Adding Value and Controlling Costs
In a softer rental market like we seem to be in now, it becomes much more important to focus on the boring fundamentals like controlling expenses. One of the ways we have been doing that in our multifamily properties ...
Account Closed
Personal residence to rental property
Hello! I purchased my personal residence in September 2021. I anticipate to be moving in September 2023 and would like to rent out my personal residence. I have a few other rentals in the area that are owned by LLC's....
James Carter
Jumping from Residential to Commercial and How to Scale
My wife and I closed on our first true investment property. It was a four-plex that we financed with a VA loan as a primary residence. We are looking for other avenues to invest in and have considered commercial prope...
Scott Goulet
5%-10% conventional loan issues
All, I am an Investor/ Real estate agent out of Broward county in South Florida. I also have a w2 job and have worked there for 3+ years. I own a 3 bed 2.5 bath townhome which can rent for about $1500 per month. I am ...
Larry Sommers
Additional Adults in the House
I have some Rental Application questions I hope you can shed some light on.
1) If a child is under 18 and while living there they turn 18, can you --demand-- they fill out a rental app?
2) If the applicant has a kid...
Boaz Shor
ADU Tax advice
I'm currently house hacking my primary residence SFH by adding an ADU.I saw that I can get depreciation on the ADU cost and even do cost segregation.My question is regarding what happens during the sale.I know about ...
Andy Pillinger
capital gains on Primary
Hello all,I am going to sell my house/primary residence in a year. After all tax deductions 15% capital gains will work out in the region of $50,000 to $60,000. I have read that you are not able to use the 1031 on pri...
Kshitiz Srivastava
Taxes on sale of investment property with suspended losses
I am a newbie passive investor and trying to understand tax implications of selling a rental property which has passive suspended losses. I don't have a primary residence (i myself live is an apartment), and recently ...