Corbett Brasington
Fix and Flip in LLC to build capital without tax?
My area is experiences huge amounts of very fast appreciation. So much so that the 1% rule and deep dive analysis for on market deals (even far below asking price) dont make sense to BRRR...but many of them do make s...
Ian Heritage
How to determine UK building value for US tax depreciation
I am submitting my US tax return for 2011 & I have a house in the UK which I am renting out. As part of my return I need to enter the % of the building is worth versus the land for deprecation purposes.
The person...
Matthew Crane
How will building RV/Boat storage impact my W2 taxes
I'll make it quick. My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? Or do I have to have REPs status for this si...
Melanie Baldridge
how to use real estate to build wealth tax efficiently
The playbook on how to use real estate to build wealth tax efficiently:
1. Buy with moderate leverage
2. Cost segregate and depreciate initial capital in
3. Stabilize and borrow tax free against your asset
4. Enjo...
Forest Wu
Saving on Taxes by Building an ADU for my Parents?
I'm a W2 employee who might move closer to their parents to help them in their later stages of life. Their home is very small and located in California. I was thinking about building an ADU for me to live in to accomp...
Michael Kaminsky
Does building an ADU in Los Angeles change your property tax?
I recently bought a house in Los Angeles that has a garage qualifying for an ADU conversion. My architect says I have the option of making the ADU two stories, and I'm weighing the pros and cons of doing a small, chea...
Andrew S Austell
Tax planning for subdividing and building a new house for sale
After buying a property in 2015 i subdivided the lot. I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...
Robert Schoonover
Tax Sale to Mobile Rental, extra lot to build tiny house
Investment Info:
Mobile home buy & hold investment in Mancelona.
Purchase price: $8,200
Cash invested: $4,000
Lot 7 40x120 - 3bdrm, 1.5 Ba
Lot 6 40 x 120 - Thinking Building 400 sqft 1bdrm tiny h...
David C.
Build and sell do you have to pay social security tax?
This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay inco...
Mark Hamblin
Property taxes catching up to a sales price on apartment building
Looking for some help from Chicago / Cook County multifamily investors, regarding a property tax question. It seems property tax calculations there aren't nearly as straightforward as in other markets... Free high f...