So I am about to start renting out part of my home. Is there a way that I can avoid paying taxes on the rental income? Could I have my renters pay my mortgage rather than pay me? Like have them give me a money order t...
Hi I was looking at on market deals in my area. I understand when we do off market deals and FSBO deals usually closing costs are paid by the buyers which is a selling point when negotiating with sellers. But when it’...
Hi,I own a 2 building 4-plex in San Francisco. I did an Ellis Act and the two units in the back building are empty. I'm considering selling the two units as TIC and I have some questions. Does anyone know if I can use...
Background: We bought our first home this year and are renting out the extra bedrooms through AirBnB. We'll receive a 1099-K from AirBnB on the earnings and are not exactly sure how our tax situation with regards to t...
Regarding depreciation on a rental property, I know that depreciation deductions are spread out over the “useful life” of a property. The IRS allows an owner to depreciate the value of the home over a 27.5 year period...
Wrapping up a new construction duplex right now. Torn between selling and keeping. Want to keep it, but when I account for all expenses the cash flow is really rough. My question is...how much should I allocate/factor...
I am currently on the search for an 10-15 unit c-class multifamily (purchase via 1031) in the $1M range. When analyzing and running numbers, what tends to be the difference in expenses (repairs, cap ex, maintenance.....
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
Hey guys,I have an interesting situation. I own a 1600 sq ft duplex which has 1 furnace. I want the tenants to be responsible for paying the utility bills. However, the tenants in the lower unit control the heat/ac fo...
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...