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20 December 2024 | 9 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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20 December 2024 | 20 replies
I could not find the answer I'm looking for when searching.The following example could be used:- Amount invested $100k- Preferred return (5 years): 8% or $8k- Disposition (Sale) (Year 5): $200kThis simple example assumes no cash flow beyond the preferred return, no cost segregation/bonus segregation, and doesn't take depreciation into account.Would the first 5 years of cash flow (preferred return) not be taxed, and only the remaining amount on the disposition would be taxed (e.g. $200k - $100k + 5 * $8k = $140k)?
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10 December 2024 | 1 reply
Quote from @Melanie Baldridge: The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.Before you buy a cost seg, you need to know the rules:Tax all starts with the types of income.1.
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17 December 2024 | 0 replies
Any stats you can provide would be a bonus.
16 December 2024 | 8 replies
QIP can be bonus depreciated.To maximize deductions, consider waiting to make improvements until after the property is converted to a rental.
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18 December 2024 | 45 replies
Bonus is I am getting new HVAC, Furnace and hot water tank.
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16 December 2024 | 11 replies
Do you have any insight for me - I really just want to break even; profit would be a bonus.
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16 December 2024 | 15 replies
Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses.
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25 December 2024 | 60 replies
., I looked up the San Diego ADU bonus program. 15 years is not a long time to be deed restricted!
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4 January 2025 | 67 replies
Guys get a bonus when they are done so we are moving along.