Brian Zaug
Rental losses against personal income
Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
Kai G.
Handling of deposit when renewing lease
Hello,
this should be an easy question: I'm renewing the lease for a tenant and I'm using the Zillow platform. The new lease basically is a copy of the old one, but I do not know how to document the deposit "carry ov...
Elle Bindra
Bonus Depreciation Advice
Hello Bigger Pockets
community,
Need some
advice/recommendation.
I am about to
undertake two rehab projects - first one would be an Airbnb rental and the
other would have annual residential leases.
Both prope...
Swati Patel
Can I take partial depreciation?
Hi all! I had a question when I started doing taxes for my rental property for the year 2019. The unit was rented for the entire year. So here's the scenario.Total income from rental = $10,000Expense (including repair...
Anthony B.
How would you negotiate this?
I found a 22 unit apartment casflowing about $291 on actual numbers from the past 12 months. Its about 1m. Here is your scenario: you work a deal where you find a lender doing 75% First, and Seller carrying a 20% 2nd....
Carrie Christian
Landlord Right to Enter
Does anyone know what Georgia law is regarding landlords entering a rental property for nonemergency but required repairs when the tenant says that no one can go in if they are not home? They are only home some Frid...
Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service? I was under the impression that you cannot, that they must be added to the ...
Account Closed
Insurance Clause in a Lease
What are peoples thoughts on this language (proposed by Renter)[Renter says ] The only remaining wording change I’d suggest is to make clearer that I’ll have rental insurance for all the things that this covers, and y...
Isidora-Izzy Sadzakov
Key things you should know about construction loan draw
Lots of time, Fix & flip investors have come to us and ask for a small bridge fund to carry them on until their construction lender (s) release the requested construction draw. To avoid any of these shortfall duri...
Adam Hofmann
Help me lease option from MY landlord
I happened to be talking to my landlord about real estate and asked if he would ever be interested in selling us his place. He said he might for the right terms since he likes us...this is in Berkeley, CA. Crazy re...