If you own a SFR without debt and REFI the property to cash out the equity then use the cash to invest in a syndication or buy another rental, is the interest on the loan collateralized by the SFR a tax-deductable exp...
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
I've searched the forums and I can't find direct answers to my questions. I am looking at starting a partnership(s) in order to invest in buy & hold rental properties, where I bring the deal and management and the...
I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...
Hi everyone, I just purchased a duplex recently and my mother is renting out the other half. I'm wondering about tax deductions and how I would go about writing off utilities, internet, property taxes and so on and so...
I've searched the forums and haven't found any discussions that address a couple questions I have about calculating cost basis of a rental property.1) I know that to determine cost basis, you need to multiply the purc...
Institutional investors are a professional class of organizations that manage large sums of “institutional capital” (money), such as pension funds, university endowments, insurance companies, sovereign wealth funds, o...
Hi All, just read this article about water resources being depleted for Las Vegas.
https://www.smithsonianmag.com/smart-news/hoover-dams-lake-mead-hits-lowest-water-level-1930s-180978022/
Declining water levels ha...
How to Allocate Land vs. Building Values for Investment Property
When buying a residential property, one important yet often overlooked task is determining how to divide the property's value between the land and the ...
Hey BP!
I have a 4 unit building I am buying for 190k, that needs 200k in renovation and I plan to condo these units off and sell them individually.
My question is, can I sell off the first 3 that will put me almo...