Hi, all. First, apologies if this is the wrong place to put this question--my buying a place hinges on it, so I hope this is the right place to post.Anyway, total noob question. A lot of you are probably familiar with...
I have seen many examples of 'cash flow analysis' Rental Income minus expenses, mortgage payments, and expected vacancy rate (let me know if I'm leaving something out). However I would believe that the rental income i...
BP real estate investors, what are you looking for as a standard for turnkey homes for passive investment? You want specific standards, such as no less than 5 years left for a roof life, 3 years of HVAC left, etc. L...
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
Started working with a new firm that takes advantage of accelerated depreciation. Seems like a very interesting concept and was wondering if anyone has any experience with it?Basically depreciating a house over 5 year...
I'm scheduled to meet with a contractor tomorrow. The work needed, from my eye isn't much... carpet, paint, tile. Other than carpet, I could do the work myself, but I've learned it's much better to hire out and spe...
HelloI recently purchased a historic building and I am trying to find grant money to rehabilitate the historic components of the project. I have already been granted some money from the community preservation committe...
What would you say are your top 5 components of your business that have made you successful?I might have the opportunity to bring someone onto my team fulltime. If done right this could give us the opportunity to scal...
Hey guys,I understand that with a residential rental property, we are able to depreciate the house, not land for 27.5 years. My accountant told me that he would be able to accelerate the depreciation up front during t...
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...