Andrea Chester
What do you deduct on your taxes?
I have a trip coming up that will be mixed personal/business. We own a rental property in Charlotte, but I also have family in town that I will be visiting. How do I organize this trip to make the most of my deducti...
Dan Jones
Flip gone bad - Contractor scam
I am having problems with a flip. Basically, I did everything wrong. I entered into a JV with a guy who was going to act as project manager.He started the project before I signed an agreement with him and before I h...
Brie Schmidt
How do I sue my contractor?
For all you contractors / rehabbers - help me out here. We bought a house last June and hired a GC to do about $60k worth of work - the main thing being to replace all the cloth wiring in the house, as well as upg...
Cathy Bourbois
Student rental houses in Ft Collins?
My daughter is a freshman at CSU. I live in San Antonio. I threw out the idea of maybe buying a house for her to live in next year and having her rent out the extra rooms to cover the mortgage. Now she's really in...
Dean Julie
Put it under contract THEN do you due diligence
I have heard this tactic/strategy/philosophy/(BS) taught and suggested by many. The theory is, if the property turns out to really suck, you just renig on the contract (with some contingency) and you're on your merry ...
Caitlin Jones
Rehab went over budget, now stuck.
Attempted to rehab house to turn into rental. Everything we uncovered just kept adding more and more to do. House is now down to studs and needs at least 100k more work. Should I just sell as is and take the loss? Is ...
Clay Manship
Complex 1031 Exchange Question--Please Help!
Hi to all you tax know-it-alls and 1031 exchange folks. With anyone who has experience in the field, I am really in need of your detailed advice concerning this deal I have going on. Please see below:In September of 2...
Mukesh Yadav
Loss from a Syndication investment
Hi All,
I have a question for those of that are tax savvy. If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ?...
Account Closed
Owner Builder SFR California under LLC
Hi - We've done 3 full remodels that we've lived in and now putting in offer for first remodel. Hard money loan to LLC. As we have our own crew, we are hiring our guys on the books for liability and so we can show pro...
Ray Agosto
BRRR
I found a great single family house in my town. I wanna buy it and use it as a rental so i can become a landlord. I wanna do the BRRR process as in Buying it , Rehabbing the little things , Rent it out locally , Refin...