Arthur Banks
Sec. 8 tenant income to rent ratio
In the Tenant Screening: Ultimate Guide it's recommended that the tenants income is at least 3X the rent. Those of you who follow that rule and rent to Sec. 8, how do you handle the income to rent ratio seeing as t...
Robyn Gersh
Solo 401k / multi families
How does it work if I were to buy a property partially with my 401k and the other part with a loan from a bank. For example if the property was $600k. The down payment would be $120k. So I could take a portion from m...
Nick Markovsky
1031 Exchange - Mixed use property
Hello 1031 pros!I am preparing to move primary residences and at the same time, sell a rental property that's been in business use for about 10 years. I am seeking to 1031 out of the rental and into a 'mixed use' pro...
Andrey Y.
Deducting misc rental real estate expenses without LLC
Aloha BP nation, I am using HR block software for taxes this year, although I will likely still use a CPA. I was wondering one thing, would all the following expenses go under a specific property, or is there another ...
Alejandro C.
Miami Dade county convert duplex to fourplex
Good evening,
I have a SFR in Miami dade county and this is the zoning info from the county website:
Land UseMuni ZonePA ZoneGENERALRU-2 5700 - DUPLEXES - GENERAL
From the county website I was redirected to:
...
Mitch Kronowit
Replacing a fiberglass tub and surround
The one-piece fiberglass tub and surround in one of our rentals need to be replaced. The bottom of the tub is cracked and several repairs have failed to maintain it. I understand these one-piece units were installed b...
Carlos Ptriawan
Sec 121b5 exclusion loophole
I'm surprised after reading this article:https://www.accountingweb.com/...Basically, if you have rental (or primary -> rental) and turn to primary, and then sell the property after live there for two years, the non...
Brad Wood
Live-in duplex depreciation schedule
Grateful for some guidance BP community--
My first property is a row house with an English basement rental unit, that has its own certificate of occupancy and is registered with the State and has a tax ID. Given that...
Daniel Hoop
Running My Furnished House Hack as a Business
Greetings! Looking for some feedback on my situation: I am getting ready to close on a 4-bedroom town home that I will live in (house hack) as my primary residence. I plan to furnish the common areas and 3 remaining ...
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...