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14 April 2024 | 4 replies
Be sure to consult with an attorney to review & discuss.
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15 April 2024 | 0 replies
Thanks to the Cost Segregation Study, the property investors were able to reclassify the property components and accelerate their depreciation for a total of $356,000 in the first year.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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15 April 2024 | 2 replies
That way increases in costs of insurance, property taxes, etc are passed onto the tenant.
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15 April 2024 | 0 replies
(yes, I will check with my tax professional also)
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13 April 2024 | 1 reply
Is there anyone on here in the Brevard, Orange, or Volusia county area that has gone through the tax deed auction process?
16 April 2024 | 8 replies
However I feel like we are missing out on tax deductions for the business, since those transactions are not being made from the business’s account.
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16 April 2024 | 7 replies
When analyzing rental rates, vacancy rates, property taxes, and other financial metrics, it's important to consider various factors.
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13 April 2024 | 1 reply
My CPA advised me to split the generic costs such as property tax and water bills equally between both units, which seems reasonable.
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15 April 2024 | 20 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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15 April 2024 | 1 reply
While we do not see income from these properties and are not managing them we do have a significant amount of depreciation and losses that have been assigned to us and carried over from the past couple years.I am invested in some growth/equity focused projects already and am specifically looking in reliable income focused strategies that are tax efficient provided the losses I have from my family.