Kevin S.
Disallowed passive loss on converting rental to personal?
I purchased a property and it was rented for ~4 months, and then I converted it to personal use. The various expenses for that 4 months have created a sizable disallowed passive loss. Two questions:Do I file a form 47...
Jason Munger
Converting a single family to multi family (duplex)
tl;dr - what do you need to do to LEGALLY begin using a single family home as a multi family rental property? (yes, I know this may vary by city, but I'm looking for basic advice to get started)Looking at a property ...
Ian Smith
Rental converted to Personal, how to handle HVAC
Lived in house from approx 2000 to 7/2014 at which time i rented it out. In Late 2015, i had to buy a new HVAC which meant that in addition to depreciating my house, i started depreciating my HVAC on a 27.5 year sched...
Will Koederitz
How to convert primary residence into a rental?
So I am a little unclear on what is involved with converting a primary residence into a rental. I read often that people will buy properties using FHA or conventional as primary residences using low money down, then ...
James D.
Can I convert personal credit to corporate credit?
Does anyone know if it's possible to convert personal lines of credit to corporate lines of credit? I currently have about 70K of unused personal credit lines, but I refuse to use credit cards for consumer purposes, s...
Raza Rizvi
Converting 2 family to 3 & other questions
Hello fellow investors,
I have found a property in the Bronx that was advertised as a 3-family but the seller is claiming that it is zoned as a 2-family. In addition when I checked the town records it is showing as a...
Aaron Blevins
How to convert a duplex into two townhomes
Curious to know what the process is to pull something like this off. One of my current projects is turning out to be one that I may need to do this on in order to make my numbers work. I'd be converting to townhomes/c...
Sunny Malhotra
Multi-family investment: Convert electric->gas heating solutions
We are trying to purchase an apartment building right now but the problem is the hydro costs. The property was built in the 60's in 3 phases and according to the owner there is a possibility to change the electric hea...
Stephenson Beliard
Should I buy a converted single family home?
The home was converted to a single family in the 80's from a 2 family. Currently, there is one kitchen on the first floor. I would like to purchase this property but I am not sure if I should buy it because I want to ...
Account Closed
Converting Leads, how to get off market #'s
When finding off market properties, does anyone have any recommendations on how to best go about finding phone numbers for houses that are off market? I have used datafinder up to this point, but it costs a minimum o...