Warren Wright
Purchasing a property I am renting with a 1031 exchange?
1. I want to rent a house (that will be a rental) with acreage with an option to purchase. 2. I plan to then sell 2 pieces of investment real estate. 3. Then purchase the house and acreage with a 1031 exchange. I want...
Taha Malik
Out of state starting out in fix n flip
Hi BP members,Soo I’m from Canada and I’m trying to start my REI in Usa. I plan on to start with fix n flips in STL as I have a relative there who knows construction.First thing is I’m having trouble finding propertie...
Troy Fisher
Another Seattle Red Flag
http://murray.seattle.gov/murray-constantine-city-council-declare-emergency-announce-new-investments-to-respond-to-homelessness/#sthash.DTi5L6ea.dpbsMayor Murray Declares an emergency granting him some pretty powerful...
Andy W.
Expenses not specific to any property
I have two rental properties (1 single family + 1 two-unit), but this is the first year I've encountered tax season as an RPO. I have a CPA I intend to have file my taxes, but it sounds like they're not expecting me t...
Andrew McAfee
How to Account for Closing Costs?
I just bought my first rental house, and I am not sure how to account for expenses for first year accounting. I understand how expenses are calculated for 2nd year. I have been researching and have read mixed result...
Kyun Ryo
Triplex with 2 owners, one unit owner occupied. What's fair?
So my brother and I bought a triplex last year, with me owning an undivided 2/3 interest and my brother 1/3. We were splitting the aggregated rental income and expenses just fine but now I moved into one of the units...
Amy Wei Ru Chang
600k cash...how to allocate in sky high market for investment properties in LA area
Hello! First post for long time forum reader. Had a succesful investment with College friend 10 years ago and now we are cashing out and going our separate ways. The property is in Texas and has been handled by the...
Gonzo Moore
Co-Borrower but am getting allocated full mortgage payment in debt to income ratio calculation?
Hi All,Hopefully a quick question and apologies if it has been asked previously, I was unable to find the answer in my searches.A business partner and I co-borrowed for our first investment property. We both live the...
Mark Anderson
Depreciation Owner Occupied Vs. Rental Am I On the Right Path
I am currently looking into buying a rental property. However I will pursue the deal that makes the most sense and wanted to confirm I am on the right track in regards to my understanding of tax write offs. I plan on ...
Sam Leon
Parking space assignment
I am having a bit of trouble with parking spaces.On a fourplex with only four 2/1 apartments, I have four parking spaces - unassigned. Simple. One parking space for each apartment. Never an issue, never a complaint...