Michael S.
Selling Live-In Duplex Due To Relocation: 1031 Exchange, Taxes?
Hi,I'm looking to possibly sell my house in New Jersey due to an out of state job relocation. The house is a 2-family duplex that I live in as a personal residence while also renting out a unit. I have almost lived in...
Rob Geringer
Storage Units - Contract for Deed & Depreciation
Q: If you buy on contract for deed can you still depreciate a commercial asset?Background: I'm in discussions to buy storage units w/ seller financing w/ very good opportunity to increase net cash flow. The Sellers ar...
Jim D.
Cost basis - splitting land from dwelling on a townhouse
I searched the forums before posting but couldn't find info on my exact scenario. I'll check with my CPA, but I'd still like to be "armed" with my own info for discussion.We have a townhouse in a group of four connec...
Mark Plesha
1031 exchange from duplex to income producing personal residence
A family member recently passed away and they owned a home on 30 acres with a pole barn. My wife and I are interested in potentially buying the property and we currently own a duplex that we are thinking about selling...
Marissa Staller
Recommendation for tax prep specializing in house-hacking?
Hi All,This is a long shot, but I thought I would reach out to the community and see if there are any tax-preparers on here who are very familiar with taxes and house-hacking. If you know of anyone, please send me the...
Megan Farmer
Newbie looking to start investing in Plano TX
Talk to me about the Plano TX area. What real estate agents, Property management, and accountants do you recommend? Any tips you want to share?
Kameron Yellin
Best offense is a good defense!!! How do you game plan?
Episode 400 on the BP podcast was fire!!! I would like to hear your thoughts on your businesses defense. I have been blessed with a great job that provides my fuel/ capital for REI but I find myself always trying to s...
Khari F.
How do estimate tax & ins increase in analysis
If tax and insurance are variables that can increase year to year - do you allocate reserves for that or is that what cash flow buffer and rent raises are for? what events can cause a big jump for those?
Julio Gonzalez
Increased Audit Risk as a Result of Inflation Reduction Act
The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. As part of this new act, the IRS was allocated $78 billion to hire around 87,000 new employees through the end of 2031. Of the 87,000, not al...
Eli C.
Low Income Housing Tax Credit (LIHTC)
Any experts here on LIHTC? Looking at a possible rehab of affordable housing in Indiana. The deal works without LIHTC, but would sing with it. Between acquisition and rehab, looking at about $9m of qualified expenses....