Howard C
1031 Exchange Question
I just sold a property and have the funds with an intermediary. The title of the property was under my personal name. If I purchase the exchanged property under a LLC, which I'm the sole owner of, will that cause an...
Julio Gonzalez
Is Cost Segregation Beneficial to Passive Investors?
A question that I am frequently asked is whether or not passive investors are able to benefit from a cost segregation study. The strategy is more often talked about relative to active investors, however with the right...
Tom Wallace
Foundation issues found one year after purchase.
I purchased my first duplex in Plymouth PA December of 2022 via FHA financing as a house hack. It is an old home built in the 20s and we have some sloping and sagging floors that were reported in our initial inspectio...
Jeff S.
The 76% rule
Just wanting to point out the importance of analyzing repair costs before buying for a buy and hold. Assuming 50% expenses and spending the rest on PITI can get you in trouble.
In the last 5 yrs my duplex has average...
Brandon Heimsoth
Supplies vs Assets vs Repairs vs Maintenance
I've asked a similar question before but need further direction. In years past, I gave descriptions of expenses to my accountant and they figured it out for me. This past year, they charged me for the categorization...
Paul Clements
Tax question on selling principal residence
(I'm copying this over from the buying/selling forum)I've lived in a home for 20 years (it's a 50 year old, 1200 sq ft manufactured home, basically a double-wide trailer, that has very dated decor, drop ceiling, and i...
Wai Chan
20% pass through deduction for rental income
If me and wife own a piece of rental property (joint tenants and not under any LLC), does it consider as pass through entity? When we file tax jointly next year, can we claim the 20% pass through deduction for the ren...
Enrique Rodriguez
Using 401K for RE investing
Hi. Does anyone have experience with using 401k for RE investing?
Ayne C.
Cap ex and repair reserves on a duplex
I'm under contract on my first multi (yay!!) and I'm setting up my accounting. Is there a number you like to set aside as cash reserves for cap ex and repairs? Is there a number per property you like to leave in the...
Chris Roush
CapEx for decks/patios on rentals
Hey everyone! I'm looking to purchase my first property and am currently looking at a turnkey house with a large deck outdoors (12x24x5 ft). From my initial research, it looks like today's rate for new decks is $35/sq...