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9 February 2025 | 4 replies
I think mine cost 1800 for a 400,000 LOC, but I'm a noob and may have got a bad deal.
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4 February 2025 | 4 replies
In a previous post, I discussed the difference in each of the most common cost segregation study approaches.
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20 February 2025 | 23 replies
They want the cash flow now but aren't worried about the side effects of the quick fix or lower tier asset.
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5 February 2025 | 0 replies
-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband.
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3 February 2025 | 2 replies
My model is NOT good for LTR as it's not cost effective.
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9 February 2025 | 3 replies
@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.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 specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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15 February 2025 | 10 replies
I recently attended a webinar, Master your Rentals: Save Money and Time with effective Self-management.
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13 February 2025 | 3 replies
Key risks in the BRRR 2.0 strategy include construction delays, cost overruns, market fluctuations, and difficulty refinancing if the property doesn't appraise as expected.
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10 February 2025 | 12 replies
Be conservative on your rehab budget, rehab timeline, holding costs, etc.
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17 February 2025 | 12 replies
Testing itself costs $350+, and the follow-up testing costs another $300-$400.