Brian Tranter
Capital Gains Question, 2 Yrs. To Sell or Put on Mrkt
I am a few months away from my 2 year anniversary living in my primary residence. I have rehabbed the home over that time and want to sell it without paying capital gains taxes. In order to take advantage of the tax b...
Heather Miner
Reward for New Tenant Referral
I have a tenant moving out after a one year lease. They have recommended a family member move in and she seems like a good tenant. Of course, we'll go through the ususal application/checks, but let's assume everything...
Justin Summers
TURBOTAX- where to enter Capital improvements on a rental
I bought a small RV park under a multi member LLC, that needed a ton of work in 2020 for $250k and sold it about a year later in 2021 for $450k after putting in about $150k in work/repairs/upgrades. I'm doing my taxe...
Gail Aiken
Two Family Investment
Looking to purchase my first investment property. I want to run this by some of the experts to see if this makes sense. I am looking to purchase a two family and want to purchase with cash for $45,000. The home is ...
Rao V.
Tax liability from rental income
Hi,What will be the approximate tax liability if I have the following situation?1- Rental income from house #1 = $12,000 Mortgage paid = $90002- Rental income from house #2 = $4000 Mortgage paid = $3000Assume I ...
Bernard H.
Question for the team...
Hoping there's a tax expert in the group. I had a client ask me a question the other day. They asked, if they sell their rental property for 250K and turn around and purchase another investment property for 200K. What...
George Knetzger
Price point for rehabbing single family
hello. My confusion has to do with purchase price and after repair value eg price is 100,000 and arv 125000
would that spread put the property in an unsellable position? Should the purchase offer be discounted by t...
Jordan Wolfe
Looking at my first rental property! Check my numbers? :)
Hello all, first off thank you for taking the time to read this post...I believe I have found my first viable rental property and I was hoping that some of the more seasoned rental gurus would be able to take a look a...
Brian Bauk
Purchasing a rental property from your parents
Hello everyone, hope everyone had an awesome Thanksgiving. I’m very thankful for everything that I’ve learned from y’all!
My parents own a lake house that they see as simply just being a burden. There was talk in th...
Mike Mike
Hello from Rochester NY.
Hello everyone! My name is Michael Feeney from Rochester ny. I actually signed up to this site over a year ago because I was screwed over by a so called land lord/property manager Doug Hirt and I found out a bunch of ...