Richard Pince
How to Tax shield my yearly Bonus?
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...
Kenny M.
Rehabbing a multi-family
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...
Sean Autry
Feedback on This Deal
I submitted an LOI to buy 2 duplexes in Hesperia, CA. I don’t like the purchase price, but the seller has agreed to carry a portion of it so I am not out of pocket any cash. Apologies if this is lengthy or complicat...
Philip Sriployrung
Bonus Depreciation - Schedule E vs C
Hi everyone,I'm using a FreeTaxUSA to file my taxes. I currently own one rental SFR, purchased May of 2018. I did an online cost segregation study through KBKG. I was able to break out my depreciation based on the 5/1...
Alan Fong
Cost Segregation for a Condo/Townhouse?
I am a newbie investor/landlord and trying to understand the cost segregation aspect of owning. My understanding is this is the last year for 100% bonus depreciation (assume it relates to cost segregation?).1) Is a co...
Michael Ndjondo makadi
Building Multifamily Home in San Diego county
So, I'm still trying to get my first property and this time around I'm contemplating this triplex in El Cajon which sits on a large lot. Although, the possible development is not my primary reason to consider it, it i...
Daniel Murphy
Can you amend previous return to take LESS depreciation?
Hey all, I did a cost seg on my rental property last year & wrote off a bunch of bonus depreciation. Unfortunately, I'm facing an upcoming divorce & the easiest solution to my financial situation is to sell th...
Kyle Kipka
Expenses across multiple properties
I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...
Bienes Raices
Bonus room -- unpermitted or not?
My offer is in & accepted on an REO...
Botht the MLS & county appraiser site says it's a 3 bedroom, but there is large extra room on the front right side of the house.
Naturally I thought that it was an unpe...
Ivan Jenkins
Insurance Necessary for a Lease Option???
I'm in the process of doing my first lease option locally. I was able to secure the deal at a monthly rent equal to the current owner's mortgage payment ~$750/mo. Market rents for the area are around$925-$975/month....