Sacha LaCoss
Just Saying Hello-Introduction
My husband and I became accidental landlords about 9 years ago and were basically hobbyists with a SFH that has an ADU that we ran haphazardly for a number of years. Two years ago we got serious and began treating it...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Lindsay Wilcox
Licenses
What kinds of licenses does it make sense to hold? Or what kinds of licenses do YOU hold?
I've seen some debate about real estate licenses, but what about, for example, general contractor licenses if you do a lot of ...
Steve Holly
Is there a better way? Need a HELOC for an investment property
I have a really cool situation where I'm acquiring a SFR in a major tourist destination town. I will own the property free and clear. It needs some cosmetic renovation but I'm having a hard time finding a lender for...
Alik Levin
HELOC interest deduction - New Tax Law
Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...
Leland Dunn
selling 2 investment properties this year, TAXES??
Hello BP community, My wife and I own 4 rental properties in Denver, 3 of them single family homes and one is a duplex. This year we are planning to sell one single family home and possibly another if capital gains do...
Julio Salado
First time homebuyer and LLC- Do’s and Don’ts
I bought my first home this fall. A two family. I then created an LLC. I bought the home under my name. The LLC is for real estate. I’m new to this at thought LLC is good for tax purposes.I’ve done a lot of home impr...
Kevin Hoff
Garage Door upgrade?
Hi everyone,
I am doing a light rehab ($3k - 5k) to a single family home I will be closing on in the next few weeks. Part of the rehab is a new garage door and I was asked the following questions:
1) Do I want to up...
Shawn Daniel
Estimating Rehab Costs
Happy Friday Everyone!I've recently noticed that, as I'm trying to get my REI business off the ground, I haven't had much experience in calculating rehab costs. This is a huge part of wholesaling (my starting point) a...
Robin Cornacchio
Self -Directed IRA Real Estate tax question
Hi,I purchased a home last year through my S-D IRA. I made a lot of improvements to the home. Are those improvements tax deductible?