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...
Greg P.
Rental Portfolio Goal and Structure Feedback
Hi All!I'm interested in getting your feedback on my objectives and how I plan to achieve them. I'll be terse.Goal: Generate inflation adjusted free cashflow of $8k per month in 10 years. Minimum goal is $5k per mont...
Candace Price
Ways to earn Bonus depreciation?
I'm looking to invest into real estate, if someone can please help guide me about which type of property would allow me to earn an bonus depreciation?
Christopher Freeman
Receiving Section 8 Voucher in Co-owned properties
I am about to close on two properties where there are currently Section 8 renters. For lending reasons, both properties will be co-owned (JTIC). Our local section 8 housing office has advised that they can only make o...
Adam R.
MHP Deal analysis 48 pads
Trying to strike my 1st MHP deal. Looking for feedback on the latest one I'm pursuing.48 pads & a 4 Unit multifamily- No vacancy38 park owned homes- 24 are 1980's or earlier, 14 are 1990's or later( 5 are 2016)Lo...
Mark Welp
LLC and Entity Formation
Hello,I am not a lawyer, but I am curious on what people are doing. I have two single member LLC's which hold rental properties owned by me (I like to keep a 3 or 4 properties in each LLC).However, for marketing purp...
Dan Handford
Depreciation on Multifamily - Offset Ordinary or Capital Gains?
I am curious about what the concensus is when discussing depreciation on a larger 100+ unit multifamily complex with LP investors? If you have a property that is producing $500K in positive cash flow (income after deb...
David Pedersen
1031 Exchange for 50% of Owner-Occupied Property
I own a 4 unit apartment building, live in 50% of the building and rent out the remaining 50%. I'd like to sell the building and do a 1031 exchange for the 50% share that is income property by purchasing a like-kind p...
Gagan P.
Depreciation Carryforward vs Standard Deduction
Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...