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Results (1017)
George P. Selling fully depreciated free-n-clear rental - minimize tax
5 August 2011 | 11 replies

Is there a way to sell the fully depreciated free-n-clear rental property and minimize the tax liability? Except for 1031 exchange - are there any loopholes?
Maybe if the seller finances the purchase, the tax liabil...

Manohar Reddy Paduri HELOC and its effect on new mortgage rate & LTV
18 August 2021 | 9 replies

I want to take HELOC 40K line on current primary home with Market value of 620k and equity of 180k.
I also want to move out in 3 months after purchasing new property as primary and making current one as rental.
so w...

Kyle Shepherd Noob - Questions to ask when buying several SFRs as a package?
5 June 2020 | 3 replies

Hey folks!
I have a realtor contact who is getting up there in years, and wants to get rid of a bunch of his rental properties (including his own house). He owns them all outright and has for years. We spoke the othe...

Michelle Au Depreciation Expense Impact on Tax for Rental Property
15 August 2018 | 3 replies

My husband and I are deciding whether to sell our primary residence that have been rented out for 2 years or keep it as a rental unit. If we sell the unit now, it is still considered a primary residence (lived there f...

Kevin Mehra Homestyle Renovation Loan Question
12 July 2019 | 4 replies

Hello does anyone have experience with the Homestyle renovation loan?  I'm using this mortgage product to purchase a home and should be closing in a couple weeks but have ran into some unexpected closing cost. The len...

Chris Martin Simple depreciation explaination
10 March 2015 | 3 replies

This was taken from a PM to a colleague.... After writing it up, I figured I'd put it here for your entertainment;) About the tax comment in my post...This is a simple example. The numbers are to show the point. Don't...

Pilar Jin Shall I renew Home Insurance in Jun if I plan to sell in Sep?
15 May 2018 | 4 replies

Hi All,I am going to sell the house in Sep. No idea how long would it take to sell, hopefully within half year? What shall I do with the home insurance which will be expired in Jun? Shall I renew for another one year ...

Sahil Rohra Depreciation and Passive Accumulated Losses
24 January 2024 | 4 replies

Hi,Had a quick question to confirm I am understanding how passive activity losses and depreciation (and depreciation recapture works). Please see below hypothetical example. Assuming I bought the below property and so...

Jesse Aaron What determines “fixer-upper” status?
26 December 2021 | 6 replies

I’m very excited to finally get my first flip on the market. I have about 30k tied up into a used (but very nice) mobile home on a 1 acre lot I purchased that had a hidden water well and unused septic on the property....

Paul Sandhu Custom salt and pepper shakers?
15 January 2021 | 12 replies

Making my STRs unique is something I enjoy doing.  All my renters are contractors working in a refinery, and they have to take a drug screen before they can get a badge to get in the gates of the refinery.  Most of my...