Abhishek Maloo
Recapturing depreciation on a converted rental property
Hello All, I converted my primary residence where I lived for the last 4 years to rental property in the year 2021. While filing taxes for 2021 - I claimed depreciation on my property which amounted to 21,000$. My exp...
Shant Ohan
Converting three car garage into a room
Hi everyone,I live in Turlock, California and I’ve been doing a lot of research in our market and looking into many deals and just can’t get the numbers right.My question here is it possible to convert 1 of the three ...
Travis Richardson
SF converted to MF Illegally, now what?
So here is the deal.I bought a house on 08/14/20, which was said to be zoned as a MF per the city assessor site and the listing on Zillow even though it was actually sold as SF.On 08/12/20, unbeknownst to me and appar...
Kate V.
Converting 2 family and selling both condos
Hi- I'm in the process of converting my 2 family into condos. It has been our primary residence for 2 of the last 5 years, we file jointly, and one of the units has always been rented out. I'm looking for advice on ho...
Mirla Montanez
First property purchase - Converting SFH into Duplex
I am in escrow and ready to close soon. I want to know if converting the SFH (R2) into a duplex (3+1 and 2+1) is enough to try and refinance and buy another property or if I should make more upgrades to the property. ...
Emillio Henry
Converting three family into a two family.
So I’m wondering if Converting my three family “college house” into a two family is an unwise choice. In reality the home functions as a single family however for building code, reducing the three family into two woul...
Sol Romand
Converting a Medical Office to Small Suites
I just purchased a office building in Egg Harbor City NJ. The space is a 5000 sq ft former dental office. There is another dental office across the street so I don't see a market for another dental office, so I starte...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...
Ralph Ace
Converting 4 bedrooms to 3 bedrooms [Listing]
I have a client that wants to break a wall between 2 bedrooms to have 1 larger bedroom.There are total 4 bedrooms and client wants 3 bedrooms total on listing. If there was no permit obtained for the project should t...
Matthew D.
Acquired fee simple, convert to ground lease?
Hey all -- Question -- If I was to purchase a hotel fee simple in an urban environment, would I be able to purchase it, improve it, and then resell it say in a year subject to a ground lease? Idea being that I would l...