Eli Comay
Is IRS Form 4797 Necessary On Sale of An Investor's Only Rental?
I am an investor in a single rental property which I just sold. I'll file IRS Form 8949 and Schedule D (with unrecaptured depreciation on line 19). Is Form 4797 also required even though real estate is not my trad...
Matt Cariello
Out of state accredited investor
Hi everyone,A partner and I are in the process of syndicating a $1-1.5MM multi-family apartment deal in Milwaukee, WI. We have 4 accredited investors (plus our own money being put in) so far for a down payment of roug...
Account Closed
Tenants saying they will move out a week late but I already have new tenants moving in by then
I have some tenants that are supposed to be out by August 1st. There are new tenants moving in on August 4th. I recently got a message from the current ones saying "we might not be able to be out until a week later"...
Andrew Harrill
Indianapolis General contractor Construction Defect
Hello all, looking for help with construction defect and negligence in Indianapolis. I am wondering how to proceed. I hired a licensed contractor to assist me with a rehab. There are quite a few items that they faile...
Tom Parker
Title/Lien Search - Foreclosure auction Final Judgement meaning
If there is a final judgement for a property in foreclosure auction that has the following statement, does it mean that if there are any liens or judgements against the property or owner that they go away and the succ...
Sheila Zhou
Tax w/ & w/o 1031 exchange with multiple replacement properties
I greatly appreciate any comments/corrections you have on my calculation!3 properties are involved here. R, A and B.In 2010, we converted our primary residence R to rental. At the time of conversion, the property R’...
Lin Yin
Cash out from down-payment and continue buying?
Guys,I am new to real estate and to this forum as well. I am in the Boston area. So I plan toget together more than 500k, put down 20-25% on 300k properties and buy 6-7 of them and rent them out.My question is, is the...
Brock Norton
BRRRR refinance question
So I get the process of BRRRR. My question is in the actual refinance portion. When you refinance a home at 70%-ish LTV of ARV after repairs/updates and its rented does the lender just give you cash in the form of a...
April G
When a bankruptcy start a pre-foreclosure over, is teh amount owed put into the bankrupty or is it not allowed to be included?
I know someone who is planning on filing for bankruptcy before the sale date on his pre-foreclosed home. Now, is he allowed to put what he owes to the bank on his bankruptcy? Does he get to pay less on his defaulted p...
Robert Carl
Accountant Costs
I have a few properties that are rentals. I just paid an accountant to do some back years tax inome filing and this year. All the finacials were given to him on spread sheets. My question is about $1300 per year f...