It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

Bonus depreciation done via cost seg is recaptured differently.

I also would like to reduce the audit risk due to large bonus depreciation. 

Not as big of an impact today, but I can see Trump reinstating the full bonus depreciation idea and making it retroactive. 

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.I would also recommend looking for a accountant willing to work with you throughout the year.

Multifamily and with strong retail tenants as a bonus. 

If it is a vacation property then anything you take in to help cover expenses is a bonus.

I think we may see a return of bonus depreciation, but I doubt that it'd come without a cap of $1-2m, and a repeal of Sec. 179.

Generate reports to easily see how your properties are performing, all within a user-friendly interface.Peace of Mind with Banking: The FDIC-insured banking features with high-interest rates and physical debit cards are a huge bonus.