Jim T.
Deducting State Income Tax for Rental Income
This question is not really for me because it won't make much difference for me but I want to throw it out there to see if the tax experts can weigh in. Perhaps it would be helpful for others.Can you deduct the state ...
Michael Ristom
Air BnB and/or Short Term Military Room Rentals
Hey everyone I have a few questions for you. So I'm in the process of purchasing a short sale (primary residence) which I should close on this week. The purchase price of the home is about 271k and I'm using a homesty...
Joe Lewis
Has anyone partnered with others this way
Anyone had any success with a partnership in which person "A" buys a piece of property for potential rental and person "B" pays for renovations. Person A and B would form an agreement in which Person B would get bac...
Jon Ostojic
18 units on multiple parcels. Lending/valuation implications?
What are the implications of separate tax parcels? I have a lead on 4 4plexes next to each other, each is on its own parcel. The owner wants to sell their entire portfolio including those 16 units, and an additional d...
Anthony Freeman
Small bank vs Big bank
A small bank may be more personal but they have limited capital. Pros and Cons
Kevin Ogbu
Looking for recommendations for tax professional (metro Atlanta)
Hi,
Unfortunately my regular tax professional's health has apparently been affected by COVID19. As you could imagine preparing tax returns is the last thing on her mind right now. I don't know when or if she will ev...
Ian Kisbert
San Diego short term rentals
If I’m understanding this right, the new ordinance going into place July of 2022 will be reducing the amount of STR in San Diego from almost 15,000 down to 5,400 and an individual is only allowed one permit per tier e...
John Mezzapesa
Owner occupied triplex tax question.
My wife and I own a triplex in which we reside in one of the units. The portion of the property used for personal use is 52.8% and the portion for rental usage is 47.2%. The full mortgage on the entire property is ove...
Aditya Kohli
Defining scope for Live in BRRRR/ house hack
Hey all, i am planning to do my next house hack and looking for some value add opportunities in the property, Me and my wife have demanding full time jobs and dont want to take on a very big scope of work, What are so...
Benjamin Romski
Multifamily Financing with Investors through a Bank
What is the best way to go about financing a smaller multifamily deal (10-50 units) where we're planning to bring investors in? Previously, my partner and I have acquired an 8 unit building where we brought in an inve...