Sean Gallagher
Cost seg / accelerated depreciation to offset W2 - thoughts
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
Tabitha Grey
New Member in KS
Hi! I currently live in KS after moving from FL - we were unable to sell our former primary home in FL and decided to lease it out vs leaving on real estate market. We have been unable to deduct ANY real estate rental...
Jonathan G.
K1 losses in year 1 as a percentage of capital invested
What are you seeing in regards to K 1 losses in year 1 based on forced depreciation from Cost Segregation studies?Since 2017 , we’ve seen the following ranges 14-30 % for storage 40s to high 50s% for multi family with...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Piku Nanda
Tax impact for rental property owners - New tax law
Hi All,Can anyone shed light on the impact of the latest Tax law changes/reform on rental property owners, if any?Thanks,Piku
Jason Sinclair
My real estate properties show a profit
I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into th...
Missy H.
Recessed Shelving or Bigger Bathroom
I am about to gut and renovate a bathroom in a property that I just purchased.My contractor wants to remove a recessed shelving unit on the opposite side of the wall to make the bathroom bigger - removing the pink mir...
CJ Witmer
Can I deduct unpaid rent/eviction fees on my taxes as a loss?
I did some searching and didn't find much so I wanted to pose the question here. As the subject states, we bought a duplex and after it was all said and done, we had roughly $4,000 in unpaid rent and eviction fees th...
David Adler
To help a friend - First deal?
Hi BP,
I am looking for my first deal and here at my current job I have a very close friend who lives in a 2bd 2ba apartment in San Diego. She has been wanting to move out for years now because she needs a bi...
Derek Hughes
Newer Investor in Marietta
My wife and I just got started by turning our first home that we purchased in 2012 into a rental. Looking forward to a rewarding future in real estate. I'm an electrical engineer full time and run a financial planning...