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Updated about 2 years ago on . Most recent reply

Miguel Hernandez's profile image
Miguel Hernandez's profile image
Miguel Hernandez
  • Rental Property Investor
  • from West Covina, CA
  • Member since Feb 10, 2021
  • Posts 58
  • Votes 21
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

58
Posts
21
Votes
Miguel Hernandez's profile image
Miguel Hernandez's profile image
Miguel Hernandez
  • Rental Property Investor
  • from West Covina, CA
  • Member since Feb 10, 2021
  • Posts 58
  • Votes 21
  • Experience 4 Yrs
  • Investments 1
Connect
Miguel Hernandez
  • Rental Property Investor
  • West Covina, CA
21
Votes |
58
Posts
Tax, SDIRAs & Cost Segregation

Do I qualify for any tax benefits?

Miguel Hernandez
  • Rental Property Investor
  • West Covina, CA
Posted

Hello BP members. As the year comes to an end I'm happy to say I am 95% done with my first BRRRR deal. It is an out of state duplex.

I always hear people say that buying real estate can help decrease your taxes. Currently I only have this 1 property, however I’d like to save money on my taxes if possible. If I only own this 1 property is there any tax right offs or anything I should be aware of that might help me pay less? Any help is appreciated, thank you all and Happy New Year!

Orange County, California
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