Lucas Hammer
Another Travel Write-Off Question (Hopefully my last one)
Hey everyone, I've searched high and low for the answer to this, but I can't seem to find it. I have a couple of different scenarios and I just want to make sure that I understand how taxes work on both of these. I do...
Brian Dotzler
Can I deduct a new truck expense?
I currently have one rental....a townhouse with a small yard. I personally mow the grass and do the yard maintenance twice a month. Takes about 30 min. I use my own car to haul the lawn mower (and yard tools) each ...
Gary Surigao
Funding deals via business credit
There is a lot of info out regarding obtaining business credit to fund your business. We're already familiar with the process, as we already have over 100k of business credit for our LLC. We're also familiar with some...
Michael Ndjondo makadi
Can trip expenses to go buy a first house be tax deductible?
Good evening to all.I am just getting started in my RE investment journey and after long thoughts I have finally decided to invest in Wichita, KS even if I live in San Diego. I have lived there for a couple of years a...
Jim M.
Deductions for a newbie
So I am a brand-newbie at this, have not done a deal yet. I realize that the very first thing I need to do is educate myself, which will probably take several months (which will put us into the next tax year) before ...
Will Bert
Cost segregation company in NYC area
Looking for recommendations for a company that does cost segregation analysis in the NYC metro area... need more information on accelerated depreciation ....
Patrick Philip
Tax question and one miscellaneous question?
Main point of the thread is about taxes for FY 2017. I bought my first flip house in September 2017. I am still working on it. Rehab should be completed by the end of this month.I know that once I sell it, I must repo...
Joe Wood
Section 179 and income
Good morning everyone,I have a question regarding section 179 and if I would be able to deduct certain expenses against my income. My question is whether or not I can expense the full amount of my purchases against my...
Julio Gonzalez
Asset Classifications for Cost Segregation
Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
Paul Stout
Billboard Investing Lease Structure Static and Digital
I have two possible opportunities regarding signage that I would like to explore. I currently invest in mobile home parks, vacant land, notes, and self storage. I have tried researching billboard investing but haven...