Jon Begley
Do I need a professional cost segregation for new construction
I recently finished construction on an 8 unit apartment building and it contains a mixture of 5, 15, & 27.5 year property. My question is, I have invoices for what those specific items cost so do I still have to h...
Ariel Semino Garcia
The Adventures of Calculating Actual Cash Flow on a Rental Property
"The Adventures of Calculating Actual Cash Flow on a Rental Property"
Are you ready to become a landlord, but have no idea how to calculate your actual cash flow? Fear not, dear reader, for I am here to guide you on ...
Stuart M.
Pub 527 says don't include certain closing costs in basis?
In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...
Randy Marshall
Should or how can I use my 401K for my first deal?
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
Sattir Bitti
Tax consequence on selling half duplex
Hi,We have a full Duplex (investment property), and wondering what are the tax consequences if only 1 of the 2 unit is sold? How are depreciation recaptures, capital gains etc are calculated ? What happens to outstan...
John Lynagh
Condo Assoc. Regularly Operating at a Loss?
Hi BP community,I'm finally purchasing my first property (to start house hacking). I'm trying to do my due diligence in examining the Condo Association's finances and would greatly appreciate your take on my situation...
Lindsey Leemis
Tax Strategies for Primary Residence (Not Duplex/Triplex)
Hello!I've been lurking on BP for the past several...years #2015 and have been encouraged by recent podcasts to jump on and ask a few questions.A little background, I purchased my first single family (4 bedroom, 4 bat...
Osniel Leon
My offer was accepted. Need help with the analysis.
My offer was accepted, the seller wants $8k deposits after inspections. However, I had entered numbers wrong in my analysis and now I'm not sure is a good deal. This is not including closing fees (approx. $5K) and ren...
Ehab Shoukry
Entering Mortgage Payments in Quickbooks
Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business. She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...
Stuart Levine
Tax consequences of assignable purchase contract
I have an assignable purchase contract for two houses as a package. I am sure I can sell one of them for enough to pay off the entire contract, at which point I will own the other house free and clear. My biggest que...