Ray Young
1031 exchange for a two family row home
I currently own and live in a two family row home. I live in one unit and rent out the unit. I report the rental income on schedule E on my personal 1040 along with applicable expenses (ie 50% of the yearly property t...
Margaret Feit
Depreciation of Personal Property Purchased Before Placed in Service
I have a new construction STR that will be completed and placed in service this year. I understand that none of my expenses are deductible until the property is placed in service, and that all construction expenses an...
Ibrahim Dharhan
Is This A Good Deal? (Newbie Investor)
I found this deal located at 2564 Lewis St, Jacksonville, FL 32204, and was wondering whether it was a good deal or not. It's a duplex and he is asking for $89,000, but I feel like I could get it for $85,000. Rents i...
Daniel Sar
Tax questions regarding rental property
Hello, so I own a 2 unit property, I live in one unit and rent out the other. I bought the property in 2022. We renovated the unit the tenant is living in and spent 35k. I pay the the water bill and pay for the intern...
Diego Maramba
Convention Loan Seasoning Period Prior to Cash Out Refinance
I am planning to use conventional financing with 20% down to purchase my first rental property. Plan is to allocate 1-3 months for rehab, rent, then refinance. Standard BRRRR. Assuming I did my research/math right and...
Richard York
Silent Investor Problems
Hi all,I've got a bit of an issue and would like to see if anyone has any advice for me. I made the mistake of investing with a family member and this person now wants to pull out of the deal after 3 years. We had a...
Sam Leon
Guest Parking at a multifamily residence
In a 4 plex (one 2BR unit and the other 3 units are 1BRs), where in the lease agreement I have explicitly stated parking allocation is one parking space allocation per bedroom. Total there are only seven parking spac...
Matt Streeter
1031 rental properties into farm land
We currently own two nice duplexes, they have been totally redone and are set to make money. we never intended to sell them, so have accumulated a lot of write offs against them since we started in 2019. this year w...
Michinori Kaneko
Capital taxes on sales of house hack homes
Hi I wasn't planning on a house hack but I have a house that I'm considering renting out portion of it. It's not a multi family, it's a SFH. The question is on capital gains tax treatment when I sell the house down t...
Eric Williams
I think cost segs are a little overrated
So I have a Masters in Accountancy a Master in Taxation and CPA. My last firm had a real estate agent who brought in clients with up to 40 properties. None of these people cost seg for residential. When I see costs se...