A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900. The property is 2 stories and 1,875 square feet and was constructed in 2024. The house in...
I am looking at selling 2 multifamily complexes (22 units and 6 units) Im looking for a multifamily syndication with an A share and B share setup. Where the A share is paid a preferred % of 9-10% monthly. Since t...
Ok so I have 40 unit complex with 4 laundry rooms
The equipment is aging a little and half really needs replaced. So I had a guy quote me for taking the laundry over. It’s a 60/40 split 40 to me. But he will furnish ...
I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...
Good evening. I am thinking of buying an income property before end of year, in part to take advantage of the generous Jobs Act depreciation allowance which I understand will expire 12/31/22. Does this have relevanc...
Almost all taxpayers are impacted in some way by the new tax law introduced as the Tax Cuts and Jobs Act of 2017 (TCJA). Individuals, LLCs, LLPs, LPs, and corporate entities alike now seek to identify key and relevant...
Hello,I am a new investor and I have a question for the BP community. This year I will receive a sizable salary bonus from my employer. Through our retirement program we have the ability to defer 100% of our bonus t...
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
I purchased another five unit multifamily a few months ago. I hired a PM who promised the world, but has delivered nothing. He hired a guy who bid on one project to combine two units into one. Reason being, the uni...
I have one condo in VA that I am managing myself locally (Month to Month lease with 60 days notice) and I also have a SF in Florida that's being managed by a property management firm (1 year lease).
I am pla...