Steven Clough
Combined business use/primary residence property
Forgive me if this isn't in the correct forum!Ok BP forums, I'm in a bit of a conundrum trying to accomplish this transaction. Bear with me as I do my best to outline what's up.My family and I are trying to relocate f...
Robyn Gersh
Solo 401k / multi families
How does it work if I were to buy a property partially with my 401k and the other part with a loan from a bank. For example if the property was $600k. The down payment would be $120k. So I could take a portion from m...
David Chen
Question on receiving Section 8 rent even after tenant move out
Hi, this is my first post on the forum, really appreciate some advice on this:We don't normally rent to Section 8 tenant (so we are inexperienced in this). We had a Section 8 tenant break the lease (3 month before the...
Daniel Antonetti
1031 in a duplex that I live in
I know that 1031 exchanges are only for investment properties, and that you don't have to pay capitol gains on the first $250000 for your primary residence (if you're single).So if I have lived in a duplex and rent ou...
Brian Ulrich
Depreciating points on mortgage obtained prior to conversion
I’m stating to prepare my taxes for the 1st time on our rental that was converted mid-year 2017 from a primary residence. Feeling good about just about everything except three fuzzy items:1. Home was purchased in 2007...
Patrick J.
Which RE Markets did the best in 2008?
Which real estate markets did the best in 2008?? I heard NYC was not affected very much in the 2008 crash. I dont know if that is correct. I know Phoenix took a big hit.
George P.
IRS, Owner financing, and simple interest
Looks like the IRS dictates that the seller who sells on terms has to declare the minimum rate (I believe it varies but is around 3%). Which means that if you ask for and get a principal-only mortgage, the seller is g...
Shahad Choudhury
What are the tax conciquences of house hacking?
Hello,
I've been reading a lot about the taxes involved with house hacking a SFH, but the main thing I can't figure out is what is normal/expected by the IRS for calculating the percentage of the house that shared ...
Prabhu Babu
Splitting Utility Bills between two tenants
Hello fellow tenants & landlords,
I hope everyone is sound and safe. I recently moved into a Single Family Home in Mountain View, CA. My landlord has sublet a portion (upstairs) for another person. The other tena...
Brigitte Garrett
ordinace and law coverage
I am reviewing our rental building insurance renewal and found an endorsement called Ordinance or Law Coverage. Do any of you know how to find out the ordinances or laws applicable in a particular locale in relation t...