All Forum Posts by: Account Closed

I was told today that my rental property had some water seeping through the basement due to torrential rain. The water boilers are suspect right now and may need to be replaced. If I were to replace the boilers and file a claim for the replacements, would there be a record that would indicate that my basement had water damage to future sellers?

So practically I would lose money if I were to sell the rental property under one year because I am taxed on the amount of money that I essentially put out and also have to pay closing costs...

Hello, 

Out of curiosity, if I were to sell my investment property before a year of ownership, is there any additional capital gains tax applied to the already set rate? Also what if you didn’t even make any profit from the original amount of money you had invested? Does the capital gain regulation apply anymore? Probably not

Hello, does anyone know the requisite down payment on a typical commercial loan? Is it only 10%? 

Thank you...

Hello,

I have a friend who bought his first duplex and did some bathroom reno. The reno job was done by my referral and the cost is very friendly - like under 5K in Boston. He claimed that he will file the renovation costs for a lot higher in tax return than what he paid for. The job did not produce any document/receipts for obvious reasons, and common sense would tell me this is not possible. With that being said, can he do that? Or is he really naive?

I'm curious to know what sort of class (A, B, or C) do real estate investors are investing in? And why do you think it is a sound investment? 

@Basit Siddiqi Thanks Basit. So it sounds like I can just leave the rental property as-is without any entity changes and still reap the tax benefits.

@Ken Bradley Yes, that's what I meant. I own a property under my personal name. I want to know if I should change the ownership to an LLC or possibly get a business ID in order to maximize the most in the new tax law.

Hello all, I'm new to the real estate investment game in Boston. I currently own the rental property under my own name and deferring to put the property under an LLC/S-corp until I accumulate another one. Though, I'm not sure if deferring to structure the rental as an S-corp or LLC would hurt me in 2018 tax filing. Or should I get a business tax filing ID? What should I do in order to take the full advantage of the new tax code?