You should know how you can contest your assessed value, especially if you are buying the property for below current assessment.You should understand if there are any tax abatements available today or in the future.There are real estate tax consultants in basically all major markets, or your real estate agent can likely help with some basic questions, as well.

I completely understand their thought process and would question it as well if I was in their shoes.Thanks in advance for your thoughts. 

Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

Imagine you bought a property for $2M.

The land (excluding any structures) is valued at $400K.
Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your ...

I'm applying for a HELOC on my rehabbed house in Detroit (primary). Huntington is valuing it way lower than what a rehabbed home sells for in my area. If they only look at comparable sales, they will be including Hand...

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

First off, I’d suggest connecting with a CPA who specializes in real estate and understands the specifics of Cleveland and Ohio state taxes.

My husband and I currently own a townhome in Maryland for about 3 years now.  We are now looking to move to Orlando Florida.  We are thinking of purchasing a new home or townhome in Florida and renting out our current...

SFR - Low cap rate (3% or so) Multi-Units - 10% Cap Rate, but poor condition*Multi-Units - Low CAP rate, tenant occupied*I understand my options for fixing things up at a property, but here are the issues I am running into.. 

My husband and I are high wage earners, so from what I understand, you can’t claim depreciation against your W2 income after a certain income level, but can you still claim depreciation on income made from profits on a rental after you’ve surpassed the income limit or is that still phased out?