Arthur Banks
House hacking - improvements out of my pocket or rental income?
I'm currently "house hacking" a 2 unit. I was planning on staying only one year before moving on to the next to repeat. But I may stay another year. Anyway, the question is since this is my 'home', I want it to look...
Jessica Kirkpatrick
Opportunity ZONE HELP!!!!!
Hello, I need some help understanding the new tax laws. My client wants to sell his 5+ unit for $600K and buy a house w studio for his art business with proceeds. Right now he'd have to pay $120K in capital gains (20%...
Omid Sadeghi
When (and to what extent) should Multi-Family Units be improved?
Curious about your approach and strategy. I have an 8 Unit apartment building in Los Feliz, Los Angeles, CA. One of my units is now vacant. I could slap on some new paint and make minor repairs to get same/similar ren...
William T.
2% Cash Flow Turn key property question
I am trying to poll if there are investors who would buy a 2 bedroom 1 bath turn key property with 2% cash flow.
Sharon Tzib
Expert Advice - What Evaluation Rules Do You Use
Which evaluation rules do you use to quickly assess a multi-family's (2-4 units) suitability for a closer look? It seems to me the 50% and 2% rules wouldn't be applicable because of the multiple unit factors for some ...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
George Eliot
Is a CL ad sufficient to prove intent to rent?
Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
Dan Pereda
Have to be a licensed contractor to Flip?
I am confused now. I have been a buy and hold investor for a while but I am at the tail end of my first flip.All plumbing, electrical and mechanical (HAVC) I have had licensed contractors doing the work. I have been...
Kyle Scholnick
Are down payments on rentals tax deductible?
I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
Levi Dobson
Rent by Room House Hacking Leases
Just wondering how fellow house hackers out there are writing up their leases for room by room house hacks. How do you define what space in the house is their rented spaces vs common spaces? Anyone every implement a h...