Mike Hoefling
Depreciating a Rental Property
As I am getting ready to do my taxes this year I started thinking about the depreciation for my rental property. I know the standard is to depreciate the rental property over 27.5 years but since I don't plan on ownin...
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need help on my first deal
I have an investor interested in a property. Let's say the place costs $40K after negotiation. And I have a person interested in organizing and paying all the improvements on that property. Let's say to make it easy a...
Patrick Jacques
Inhertied Property brrr
Hello! Ive tried to search past threats but I didnt see any posts.Does the brrrr strategy work differently if the property is inherited? The Buy part is not there and there is no mortgage. Where should I go from he...
Account Closed
Selling/transferring house to my mother - cheapest way?
I purchased a house less than a year ago fro 280K. Since then it appreciated by about 20K. Also, I put in about 20K of improvements in it.What's the best way to make the transaction and minimize the tax burden? Should...
Andy Chen
Clarification on Opportunity Zone Fund
Hi I have done some research but I still need come clarifications on the Opportunity Zone Fund.If I use OZF to buy a OZ property, do I also need to meet the requirement of substantial improvement in order to qualify f...
Lacey A.
Depreciation of Windws in Prim. Residence converted into Rental
We lived in the SFH and replaced all of the original windows and sliding doors in October 2019 to improve energy efficiency. (They were 40+ yo) We moved out and converted the SFH into a rental in March 2021. On our ex...
Mike A.
Advice requested - options primary and rental
All, looking for some advice on what to do
Primary - 725K at 2.875%- 30 years -70% LTV
Rental - 215K at 2.5% - 14 years left - 35% LTV
With the state of affairs, it is basically no cash flow on rental with all exp...
Bryan Hancock
Depreciating Land - Legally?
I ran across this article this evening when I was researching some other tax matters:
Who says you can't depreciate land?
The basic procedure seems to be:
1. Split the improvements from the l...
Account Closed
Investing in run down neighborhoods (Los Angeles)
I own a property in a nicer part of LA that I property manage myself.
For my next deal, I'm considering a 12 unit in South Central LA and am currently in contract. The deal makes a lot of sense, financially. ...
Chris T.
Reassessed Tax Value and Depreciation
My question is in regards to the effects on a reassessed tax value on my rental property and if/how that changes my yearly depreciation. The tax value on the house actually went down in a recent county reassessmen...