Peter Morgan
Is it possible to carry over bonus depreciation to next year?
Hi,I am considering a syndication investment with 80% bonus depreciation on the first year.However as I understand the depreciation has tax advantages over passive income only but not on regular W2 income.Had passive ...
Peter K.
Tax deductions for a investment property?
Anybody with knowledge with taxes: what specific items can you deduct for tax purposes? I know you can claim depreciation on your home and gas for going to and from your investment home? Anybody have a list? I know I ...
Ken Hipp
Are all reno costs part of the initial cost basis?
I bought a foreclosure(3 plex) in Feb. $55,000. Renovated ($30,000) til May 1st when I rented it out. Are all reno costs part of the initial cost basis? I also did another $20,000 in siding, windows and roofing durin...
Chris Pappas
Foreclosure seller contract default, should I leverage this and attempt to renegotiate?
I have been under contract to purchase a foreclosure for approximately 100 days. Pursuant to the purchase and sale agreement, the seller is now in default because it has not closed within the specified term. The prope...
Sopheclese Von-laderhosen
new lease with clause binding me to pay all legal fees!?
Thank you in advance...
I am a NJ tenant having resided in my unit for 5 years with no written lease in place.
Landlord has raised rent and is asking me to sign a lease which contains the following clause...
...
Melissa Nichols
Using a HELOC for Down Payment on Investment Property
Hello,My husband and I bought a vacation home (2nd home) about a year ago and have been renting it out on Airbnb since January 2017. We bring in an approximate gross profit of $3k per month and a net profit of around ...
Cory Spitznagel
Hard money lending for BRRRR
Hello all,
I have been researching REI the past year and have yet to make my first deal. The first plan is to buy a duplex (I rent a 600 sq ft condo now for $900 a month 😒🔫) and house hack. I have a good amount of s...
Nate J.
Possible to get loan using a deed of trust in 1st as collateral?
Hello, I have a $50k deed of trust in 1st position on a property worth around $500k. There are no other liens on the property and the balloon due date has already passed. Long story short but I have an additional judg...
Pati Anderson
auction.com and due dilligence
I'm brand new to this stuff. Saw a house on auction.com that I really want if the price is right. I checked the county website and it shows all taxes have been paid. Is there a place I can check for liens I might...
Tony Reola
Sheriff Sale Options
Hi everyone, I’m a first time home buyer. My fiancé and I were working to purchase a short sale for around 7 months. The deal eventually fell through and the property is now up for Sheriff sale. We have extensive know...