Rory Korpela
Capital gains question
Hi folks,I've recently bought a couple of lots and will be building spec homes on them. My main concern is when long term capital gains kick in. We closed on the lots on 3/15/19. If we aim for a sale next spring, afte...
Caleb LaBelle
Medium Term Rental Tenant Situation
My tenant started a 70 day stay beginning April 29th. She is here in Denver because she is getting special stem-cell treatment for a rare disease that she has and needs to be near the hospital for ongoing appointments...
Shaun Reilly
HOA tax filings
I own a condo that I rent out and have been helping to facilitate a HOA forclosure on a couple of seriously delinquent units.
One of them has the bank ready to payoff 7 months worth of fees and asked for the EIN# for ...
Zachary Juergensen
Looking for information
Hello All! I am currently a residential real estate agent in the east valley of the Phoenix area. I am interested in finding a niche that I can really thrive in...just haven't found it yet haha, but I figured this wou...
Jeff Hobbs
Cost Segregation & the TCJA 2017
Almost all taxpayers are impacted in some way by the new tax law introduced as the Tax Cuts and Jobs Act of 2017 (TCJA). Individuals, LLCs, LLPs, LPs, and corporate entities alike now seek to identify key and relevant...
Donald Kellogg
Rehab funds wrapped in a HM loan are they counted as a expense?
I flipped a home in Arizona and wrapped 60K rehab funds in the HM loan. Is this a expense or is it counted as a gain at close? If it is a expanse what IRS publication addresses this item? I count cash in and cash out...
Jeremy Zindel
Deduct charitable contributions on a Schedule E (or C)?
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
Joshua Adams
Newbie Question
For the past 3 years I'll be living in my decreased grandparents house paying the mortgage. This past May, I became the personal rep of their estate which allow me to put the deed in my name. There's $46K still owned ...
Quynh-Chi Nguyen
Does this ever happen to you
I mailed a check in for the HOA for that particular month (usually I do the auto payment via the bank). I called the office and they said they didn't get it and if it passed a certain date then I will get a late fee. ...
Osazee Edebiri
$420,000 what would you do with it?
No stupid questions, right?I figured there are many more successful investors here on BP than myself, so I should ask and see the response I get.I have $420,000 to invest, and my primary targets are multi family units...