Hugh Carnaha
Convert/rollover normal 401k and IRA into self directed?
Howdy Guys!
I did a bit of searching, but couldn't quite find what I needed. I did a dumb thing Jan 2 and Maxed my ROTH IRA for the year. Now i'm trying to find funding to keep a rehabing some of my distressed prop...
Tyson Cross
House still empty after Trustee's Sale
So tonight, I finally researched an empty house near me that has been vacant for over a year. In doing so, I see that the notice of default was filed on 8/15/2012, the notice of trustee's sale on 1/4/2013 and the ...
Margaret Feit
Changing Depreciation Period from 27.5 to 39
I have a couple of short term rentals, definitely under 7 days average rental period. When I bought them several years ago, I started off depreciating them over 27.5 years, but after reading much conflicting informati...
Agustin Rossi
IRS rules: avoiding taxes on up to 500k profit
Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence? Like what is the specific criteria that this deal and property has to ...
Tariq Gonzales
Wholesaling a house with Tax Deed
Hello,I am new to real estate investing so I am getting my feet wet by wholesaling. I started marketing to distressed sellers and someone came to me who was set to go to Tax Deed. Can I wholesale a house that is set t...
Benjamin Christian
Rental income (documented) vs. rental history
Later this year I plan on purchasing my second rental property (first was my prior primary residence and now is a rental). My first rental does not show on my tax returns the last two years, but the rental history is...
Bernie McAnena
Repository Sale - PA
I am looking at a property for a repository sale in Wayne County, PA. Both owners listed are deceased (first passed on 2013 and second in 2017) and from NJ. Doing some digging I found that their home in NJ was forec...
Travis Bill
Tax advice please
Background. I'm 23, work in the oilfield. I work rotationaly. 2 weeks on 1 week off. Making about 140k. Primary residence is currently where I rent in nd, I head back home out of state on days off. I recently bought m...
Nathan Churchill
Can I write off my fence install?
Hi, I'm wondering about whether or not I can write-off an expense I had this year. I purchased a property last year and it didn't have a fence, because the previous owners took it down (and to their new house, I assum...
Costin I.
Cost Segregation - Partial Disposition and offsetting insurance proceeds
We had a roof damaged in a hail storm and got it replaced and paid (minus deductible) via an insurance claim. This is on a property that had a CSS done on it some 6 years ago when we got it (and placed a new roof at t...