This was our first property, and unfortunately when we bought this property we were unaware that our mortgage statement would be subject to change as much as it did ($1200 increase) due to property value and negative escrow, now leaving this property well in the red month to month.

Thanks for your insights

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

It’s common on the commercial but with all the changes coming up this will be the new normal for residential.

Any insight into Tax liens and deed sales in Louisiana is appriciated.Thanks!

If you commit to it and pursue it it will change your life! 

Let's swap insights and make your taxes a breeze!

Its why I sold all my rentals I bought with conventional financing back in 2004 2005 2006.. having so many loans my fico could hardly get above 700 even though I had never missed a payment in my life and I paid all my CC monthly and have for 25 years and NO other debt than car loan.. 

We still have it for sale, but have changed it to a rental on zillow.

Anyone have any insight on how to investigate something like that?