Chris Shaw
Converting my first house into a rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $335,000
Cash invested: $1,000
The first house that I lived in for over three years. I am in the process of purchas...
Russell Sherman
tax question when converting SFR to rental
I moved out of my home in November 2022 and turned it to a management company. They put it on the market November 10 and it rented for December. On 2022 schedule E my accountant had fair market use as a rental as 36...
Dan M.
Converting a rental to a primary residence
Hello all,Has anyone done this? If so what are some things to consider. My biggest question really is do you have to pay back expenses and depreciation on the conversion, or does the basis just stay lower when you go ...
Josh Turansky
Convert Baltimore Row House to Multi-Family
I am looking for insights and experiences with turning a Baltimore City single family row home into a multi-unit property. This is our current 3 bdr residence in SE Baltimore and I could make more money converting it ...
Seidy Lasker
Dissolving Partnership & Converting to S-corp
If a partner in a partnership wanted out, would the partnership file a final year return and then convert the LLC to an S-corp or would filing a final year return cause the ein to terminate and the partnership would n...
Sai Santosh
Converting attached garage into a studio unit
Seeking advice from those experienced in property conversion! I have a 4-bed, 2-bath Single Family Home with an attached garage in a class A neighborhood. My plan is to convert the garage into a separate studio unit (...
Jerry Akop
Converting 4 units to 5 existing loan
I have a 4 unit property and thinking about adding a 5th unit. Not an Adu. Will that effect my current conventional 30 year loan?
Larissa Swank
Moscow ID Duplex - Converting to separate parcels
We are in the process of purchasing a duplex in Moscow, ID and want to convert the property to separate parcels. We haven't done this before, but have heard it's possible. Does anyone know the process and/or estimat...
Sam Dangremond
Converting a duplex to a single-family
Hello!I'm wondering if anyone has any thoughts about converting a duplex to a single family home?My situation: I have a house under contract, it was a duplex (2/1 with ~1,200 sq and 1/1 with ~ 800 sq) but the seller k...
Mallikarjun Murag
Primary converted rental, closing costs(including refi's )
apologize for re-posting on this thread (as I couldn't find how to move my post to this thread) as this thread seems to have much broader pool for experts for their inputs, I purchased my primary home in CA in 2004, r...