Jestin Sorenson
4 unit assuming mortgage
I have a property under contract for $300k. I will be assuming the mortgage of around 274k, and the rest will be under a contract for deed. The title company doesn't seem to be as familiar with these types of transact...
Varinder Kumar
Landlord insurance not paying for fire which burned our fence
My neighbors home is rented out and it caught fire by fault if the tenants and because of it it burned our fence. We filed a claim with our insurance and provided all of the proof and documents they requested. So our ...
Dean Velodota
Taxes and house hacking with income
Multi-family owner-occupied home—I live in the bottom apartment. Partner and I have an LLC and, to be fair, since we both purchased the home 50/50, I’m paying “rent” each month to the LLC. We can now only deduct the...
Matt Leonard
New Hampshire Interest and Dividends Tax
Looking for a NH tax savvy investor. I am purchasing a 7-unit in southern Maine in a Maine LLC and I am a NH resident. NH has 5% "interest and dividends tax" on income derived from I&D ("Tax Free New Hampshire"...
Brent B.
Tax Planning for New Landlord
Hi BP,I began renting my previous single family residence in San Diego CA earlier this year, in May 2019, when I bought my new primary residence in San Diego. I have not set up any type of corporate entity, rental pa...
Alexis Zion
Help!! When do I refinance my building ?
Hey folks,Want to get you opinion. I bought an 8 unit building last year. Besides having to renovate and get all new tenants, I did a bunch of work with a new heating system (all new individual units) so the tenants...
Andrew Clark
Purchasing Mortgage Notes That Show Losses
Recently I asked a question if there are ways to minimize my capital gains tax on my primary residence as I will only be there for a year before selling. I received a response that I wanted some additional feedback on...
Adam Skwersky
loss carryover rules?
I just bought a STR in Decemberof 2020, but rental season does not start til May/June.So all I have right now are losses. Can I carry over the 2020 losses to 2021 and use them once I have rent income?Adam
Peter Schuyler
High Earned Income and putting money into Real Estate Business
If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business...
Matt Faix
Hit and run at duplex
Hi All - Yesterday we had a car run off the road and onto the property of our rental. Luckily it didn't hit the house, but it caused some damage to the sidewalk/railing. Nothing too major surprisingly, but the driver ...