Susan O.
Capital Gains Owner Occupied Exemption for Triplex units
Hi for those of you that live in a multi unit (1-4 units) I was wondering how you take the owner exempt cap gains writeoff ? (250k individuals and 500k married--must be 2/5 years)?For instance if you live in a triple...
Dee Bullock
Is there anyone from the Washington DC area?
Hello BiggerPockets community. I am from the Washington DC metropolitan area. I am looking forward to learning this real estate investing business, to help me provide and create a new and better lifestyle for me and ...
Cynthia Reddy
US taxes with foreign real estate investments
Hi! I am looking for some help on several properties that I own in India that I own outright. I understand how to get the properties sold in India and get the money transferred into the US and paying the least taxes b...
Andrew Faukner
Buying pickup for LLC
I'm going to buy a pickup for my LLC, and I know that with the new tax rules that if it is over 6,000 lbs GVWR I can write it off 100% the first year. My question is, does it have to be a new pickup, or can it be a us...
Jonathan White
HELP! Tax claims on rehab not yet used as rental
Hello, I have been preparing a property in 2017 to rent; however it is just about now complete and ready to rent (2018). Since I did not actually rent it in 2017, can I deduct expenses to get it ready on my 2017 tax ...
Sid Dixit
Washington Small Claims Court, Does it go on Credit History
Hi All,My Tennant is taking me to Washington small claims court, to ask for Security deposit full refund because I got late to pay ( paid on 26th day, instead of 21st day)- due items included Past due rent, Tennant di...
Jeff Phillips
Using Home Equity to Purchase Second Rental Property?
Does it make sense to get a home equity loan on my first rental house to buy a second rental property?
Is there a benefit to that approach vs just getting a typical home loan on the second property?
Tom C
Lanlord Insurance
OK.. I think my insurance company is taking me for a ride.. They are charging me $45.00 a month per unit on a 60K SFR. I have a $500 deductible and a vacancy policy. I have heard of policies for $25.00 per month.. I h...
Nathaniel Sconiers
Allowable purchases with LLC account
Can a LLC account be used to pay for a vehicle partially (at least 50% time) used for business use?
Alice Chen
AB 150, Salt Passthrough and Landlords
CA legislature passed AB 150 which is a SALT tax workaround. Is it possible for landlords to use this? Previously only a $10,000 deduction was allowed for state income taxes on federal returns. thanks!https://www....