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...
Peter Morgan
Taxation when selling owner occupied Duplex
HelloI would like to know how does the taxation work when selling an owner occupied Duplex.There are two scenarios here, 1) The rental unit has similar square footage as the owner occupied unit.2) The owner occupied u...
Maria W.
Lender Credit on Loan Estimate is absent from Closing Disclosure
I'm about to close on a property tomorrow and the latest CD doesn't have the lender credits ($3,052) that were initially a line item in the LE. The origination fee was and still is $3,052 however there is no longer le...
Vlad Taralunga
Multi member LLC partnership with a residential mortgage
Hi all,I have a pretty specific question. I have 2 investor friends and the 3 of us currently in the process of purchasing 2 properties, 2 quads. In the interest of having the smallest number of people on mortgages an...