Alfonso Aramburo Zepeda
What is the best deal you've landed In South California
I've been analyzing deals for a couple months and the best I've found is .6% purchase-rent ratio. No one meeting the 1% rule. Someone has had any luck lately?
My strategy is buying a property, touch it up while livin...
Amelia Gull
1031 to a Spec Home from our company
Hello,I'm new to this community, and value the knowledge base here! My husband and I own 2 rental properties (1 has been rented for 10+ years, and the other for 1+ year). The newer property just isn't cash-flowing the...
Justin C.
Tax question regarding receipt filing and record keeping best practices
Hi BP, I have 2 rentals that were acquired over the last 6 months... Property #1 closed Dec 2014 and was officially on the market May 1st 2015. My tenant just moved in. Property #2 closed mid Feb 2015 and should be...
Dave Limbocker
1031- Defining proceeds from relinquished property
Two rules as I understand it are in order to defer all taxes in a 1031, newly purchased property must be equal or greater in value of the net sales price of relinquished property and carry the same leverage (loan) of ...
Kevin Polite
Expenses vs. cost basis in renovation
I read somewhere that when you are remodeling a house to rent that some of the repairs actually can be written off in the year in which the remodel takes places and that it all doesn't have to be included in the cost ...
Marvin Meng
1031 with rehab questions
Hi all!
I'm getting ready to sell a SFR and a 3-plex; the sfr I've owned for over 10 years, the 3-plex about four. I plan on speaking to my accountant to determine if a 1031 is advantageous to start with. Assuming t...
Joy Allen
Turn key Opportunity zone investment
So...
can I take a qualified capital gain and create my own opportunity zone fund , then inlist a turnkey operation to sell me a house in an opportunity zone the charge me for the rehab after the sale and cover the b...
Rashid S.
Unsold property expenses - put on personal 1040 or under business
Hi Guys,I am not looking for a CPA level advice but just looking to know the basics to vet out CPAs when i go talk to them.I started in real estate last year. first property i bought at auction with cash was under my ...
William Coet
Is HELOC Interest NotTax Deductble If Used To Purchase Property?
Hello,When using a HELOC to purchase another property is the interest not tax-deductible? I read that the interest is only tax deductible when used for improvments to the property used for the HELOC.We are trying to ...
Mindy Jensen
You Can NOW Attach Files To Private Messages!
The Private Messaging system now supports attachments!Want to send a file to a colleague? Click Choose File underneath the Private Message window, and attach not one, not two, but up to TEN files!!! __________________...