Sean Coppom
AIA contracts and Initial Deceision Maker/Dispute Resolution
Hi all,Looking to get some feedback on who to use as an Initial Decision Maker (on an AIA contract) for dispute resolution for a construction project in Denver, CO. For various reasons we don't want to use the archit...
Kenny Isberner
Transferred Rental to an LLC and now the bank is giving me issues
I recently transferred a college rental property into an LLC. I also transferred the insurance policy to the LLC instead of my name. So the insurance company forwarded that information to the bank which my mortgage is...
Faye R.
What to charge for a restaurant patio?
Assuming going rates are NNN $1/sq foot for restaurant space, what is a fair price for the attached patio space? Small population makes comps with patios impossible. Local weather allows for patio use about half of t...
Sajeev A.
Converting a room in primary residence into a rental
So, I was originally thinking of selling the home and downsizing to a smaller home. We have reasonable equity which could be used to pay down the next home. The issue was location. We're so used to this and anywhere e...
Casandra M.
Renting a home that is considered owner occupied
I've seen similar questions to my situation, but nothing that I feel gives me a "solid" response.We have a 15 year fixed FHA mortgage on a two unit in Southern Wisconsin, that is considered "owner occupied". Our one y...
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
Every time we're preparing for a new administration, there's plenty of tax-related noise. The new President is going to do this, do that, yada yada yada.Unfortunately, a lot of financial and tax professionals join thi...
Sean H.
Good tax write offs for high income?
Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 5...
Blake Bailey
Thoughts on Section 8?
My wife and I purchased a SFR rental for $200k. We put 20% down, only had some minor repairs before listing. PITI will be $1247/mo and will rent for $1700/mo. (I realize this is more down than most recommend, we just ...
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...
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...