Priti Gupta
First Time House Hacker - Separate bank account for rent collection?
Hi, I am new to real estate and I bought a house recently and planning to house hack by renting the basement out while I live in the house for a year or 2 and then move out and rent the whole house. My question is sho...
Andy Thoman
Help understanding leveraging debt
So I don't really understand the whole Refi and HELOC situation... I have a few questions.What are interest rates usually like compared to traditional residential mortgages?What is the difference between refi and helo...
Charles Heyward
Rise and fall?
Existing-home sales rose all over the country in September, reports NAR. They also say much of it is due to the first time home buyer tax credit approaching the deadline.
What do you think will happen after Nov 30 if...
JT Williamson
Investment Company
What are peoples take on setting up a corporation or something along those lines for their investments? Up to this point we have done it through our personal accounts. Are there any benefits to setting up a corporatio...
Tiffany Palaskas
Sell or keep income producing duplex
Hi, I currently own a duplex in Puyallup WA. We recently moved to TN and have both sides rented. We profit about $1200 a month from both units. My question is, is it wise for me to sell it and profit $150-200k after o...
Eric Wallet
Cash out refinance, then sell
Question? Would it be beneficial or possible to execute the following:Have an investment property with lots of equity. Say I own this property (other than my primary) which I owe $50k on the mortgage, and this propert...
PJ O'Connor
Seller owes back taxes - is there any relief for buyer?
I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...
Elaine Chen
Tax Q: How to file when parent holding LLC is in different state
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
Sahil Singla
Which properties are the best for maximum depreciation using cost segregation?
Hi everyone,I am an aspiring real estate investor and I got interested in real estate primarily due to the tax benefits. I want to reduce my w-2 income by running a short term rental and claiming bonus depreciation. I...
Aaron Millis
Homeowner paying non homeowner taxes
Hi all,
I had a quick question that is probably simple.
I bought my personal residence in march of 2017 and I purchased it from another investor. He was not currently living in the home so he was paying higher taxes....