Davit Gharibyan
Redemption period sale
Hi, I received a call today from one of my direct mail campaigns. The gentleman told that his house was foreclosed and he has a redemption period till 06/05/2016. The house was sold on auction for 120K. He said he wan...
John Khadiyev
Buy and Hold tax deductions
I am in a process of buying a property to rent it out. I know that the cost of bringing the house to habitable conditions is only deductible when you sell the property. But since you can deduct property maintenance ev...
Rick Price
A few LLC and tax questions
Myself and a partner are in the process of setting up our LLC and came across a few questions. I personally am new to real estate, while my partner has a 4 plex as well as a rent house. We plan on doing flips and re...
Kayla Weigel
How to Handle Challenging Tenant in 5-Bedroom House Hack
For context, we live in our primary residence and rent out the other rooms in the house. One of the tenants has been causing issues with other tenants. One tenant already moved out, and another one is thinking of mov...
Tucker Long
Setting myself up to be lendable from flip/wholesale profits?
Hey all, trying to setup business structure for 2019 to improve lend-ability/DTI in future years. This post is about improving lend-ability, not tax savings (which seems to be the topic on most LLC vs S corp threads I...
William C.
Cost seg study, but also had major repairs. Best way to handle for taxes?
We own a SFH long-term rental property in Nevada that was placed into service in 2023. We have run a cost seg study on the property and qualify for 80% bonus depreciation. In 2023 we also had a major repair take place...
Abel Vazquez
Hard money lending.
Hello everyone. I have a quick question for everyone.If I get a hard loan to buy a house that is only accepting cash offers can I refinance to a conventional loan after having bought the house?
Timothy VanWingerden
Operating expense or capital improvement?
I am working with an accountant as I prepare returns for the first year of owning real estate. I read Brandon Hall’s article from a while back talking about the tax myth’s for real estate investing. One was the follow...
Josh Sterling
Expense tracking for rehabs
This year we purchased several bank owned properties requiring moderate rehabs. We spent 12-30k on each house to get it to an above market quality for rent. This rehab amount includes:
Contractor Labor, carpet, paint,...
Pedro Navarrete
Real estate investing for beginners
Hello my name is Pedro I am 30 years old from Chicago and I was wondering what would you recommend for someone like me that is interested in starting real estate investing? I have no money no work history and ok credi...