Dan N.
Setting up a land trust owned by a WY LLC - any recommendations (Besides NCH)?
26 September 2024 | 10 replies
Take the time, energy and resources you are allocating towards this and refocus it on the underlying real estate.
Charles Burgess
Refinance Rental Portfolio
24 September 2024 | 15 replies
Usually, they allocate a certain percentage of the loan to each house when you initially close your loan - based on values but then they also add a premium for the release so you're paying 110 or 120% of the allocation of the loan when you sell..So lets say you have 4 houses and three of them are worth 100k and 1 house is worth 200k.
Ting Liu
how to split capital gain tax with partner
26 September 2024 | 9 replies
The agreement would outline how profits, losses, and ownership interests should be divided, which will guide how you allocate the gains.
Scott K.
Can travel expenses be tax deductible?
25 September 2024 | 9 replies
Travel expenses can be very tricky - there are a bunch of bifurcations based on if the trip is primarily for personal, primarily for business, or somewhere in-between - including the allocation of airfare and other costs.
Lilly Fang
For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
You can deduct all realistic business expenses, including mileage, meals, allocated cell phone use for business purposes, home office space, etc whether you own the flip in an LLC or personally.
Joe Si
Early retirement asset allocation
19 September 2024 | 8 replies
Your ideal asset allocation should be tailored to your specific circumstances and goals.
Julio Gonzalez
Cost Segregation Study on Single Family Home
24 September 2024 | 0 replies
Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
Austin Bird
Is this a good estimate for expenses or overkill?
23 September 2024 | 4 replies
I allocate 5% for CapEx, 5% for maintenance and 5% for vacancy.
Felicia West
Getting major negative cash flow on deal analysis
26 September 2024 | 32 replies
But, my point here was that part of the reason I'm noticing deals don't cash flow is because of the amount of capital I'm allocating to expenses and maintenance as a new investor.
Sam Booth
How many rentals to retire?
21 September 2024 | 44 replies
Now you get an actual accurate allocation for cap-x.