Rizwan Misbah
1031 Exchange, 1250 Recapture
Hi everyone, long time lurker, first time poster. Had a question regarding a partial 1031 exchange and how 1250 depreciation recapture is calculated, facts are below.12/1985 - 2 flat property purchased for $60k, resid...
Andy Bauman
Tax treatment of gain on lease options
Hey All! I hope you had a great 4th of July!I'm hoping any of you tax experts can help me out with something...I have a piece of unimproved property under contract right now in TN, for simplicity's sake let's say it ...
Adriel Watts
Tenant car damaged from sheetrock
I had a piece of garage sheetrock fall on a tenants family members car( not on the lease). I have a PM company and pay for biannual inspections to be done, and no where did it mention that the sheetrock was a possible...
Jonathan Felts
Does Seller Financing Reduce Taxes on a Sale
I am looking to sell a small commercial office condo unit (1728sf) in California. I received two offers one all cash for $609k and the other $625K with $315k down payment and then 5% owner financed over 5 years. I wa...
Mikhael Brown
Seller Financing Taxes
Hey guys. I am negotiating a seller financing deal with a property owner,who inherited a home after his mothers passing. House has no mortgage. He likes the idea of seller fiancing but in not sure how it will be taxe...
Forrest Owen
Series LLC Guidance - NH
I bought 2 rental properties recently and I'm looking to set up an LLC. I've gotten the recommendation to set up a Series LLC, which I really like. However the two properties are in New Hampshire which doesn't recogni...
Jay Williams
What's wrong with my DTI calc?
Hi all,Background: I've submitted an application for a refinance on a SFH. The house belonged to a grandparent with a reverse mortgage. I'm trying to use a refinance product to clear the balance of the reverse mortgag...
Account Closed
Staying motivated in the RE business
I have seen so many people start and stop in the Real Estate business more times than I can count. I recognize that a lack of initial success is going to result in people petering out but what about the people who fo...
Jacob Sanger
Private Money Lender
Hello everyone. I am excited to become a part of the BiggerPockets community! I am new to the group and new to real estate investing. However, I am in the process of becoming a certified private money broker. I am int...
Dion Martorella
Series LLC and Rentals
Hi,I've been doing some reading about the use of series LLCs when investing in rentals. Just curious, how many of you are using these? From what I've read you can only file these kinds of LLCs in certain states. For y...