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29 November 2024 | 6 replies
I have a rental property which cash flows, however on my last tax return I had reported the rehab costs for this property as a write off.
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22 November 2024 | 7 replies
And the IRS will ignore it for tax purposes.
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19 November 2024 | 5 replies
https://www.biggerpockets.com/forums/51-tax-legal-issues-con...
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26 November 2024 | 11 replies
Quote from @Tyler Fremarek: Many people claim you can invest with little or no money.
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28 November 2024 | 1 reply
Land doesn’t depreciate, and while buildings require maintenance, they usually gain value as markets grow, demand increases, and inflation takes its toll.Real estate investors benefit from a significant tax write-off based on the concept that properties lose value over time, even as their market value skyrockets.
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28 November 2024 | 9 replies
Would a DST work to defer taxes on ordinary income from say flipping properties and using the trust to invest in more properties?
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21 November 2024 | 2 replies
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.
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25 November 2024 | 19 replies
Tenants & contractors always claim no one called them or they called and no one got back to them.
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2 December 2024 | 1 reply
If the current tax assesment values the structure at $300,000, you are allowed to do $150,000 worth of work.
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30 November 2024 | 2 replies
., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")