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1 November 2024 | 22 replies
Cost segregation is excellent for STRs because you can take it to offset the terrific gains on this type of property as well as off-setting it against W2 income if you are materially participating in its management.
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4 November 2024 | 12 replies
Hoping to accomplish this in the next 3-months.
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31 October 2024 | 11 replies
This is great information on how to use short-term rentals to offset active income like W-2 and business income at tax time and how you qualify for doing that by documenting your material participation in managing and setting up the property.
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6 November 2024 | 5 replies
Can anyone make a good suggestion for a lawyer who could help with this?
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16 November 2024 | 3 replies
No and you need to put this on hold and research the condo nuke that's about to hit Florida in the form of new legislation that no longer allows condo boards to defer necessary repairs.
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6 November 2024 | 1 reply
This process updates ownership records at the county level and makes the sale a matter of public record.2.
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16 November 2024 | 6 replies
This is not tax advice, only what I do.
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6 November 2024 | 5 replies
*This post is informational only and is not to be relied upon.
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8 November 2024 | 22 replies
This is because the earlier years see a large jump in IRR due to the leverage used, however this effect diminishes in later years.2.
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18 November 2024 | 15 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.