Hoping to gather some opinions. For SFH's that are LTR's (home values approx. $280k with land value backed out) what are the advantages and disadvantages to conducting a cost segregation study when bonus depreciation ...
Greetings BP'ers...As part of a 1031 exchange, I have purchased a handful of short term rental properties in the last few mos. I have about 1 week left on my initial 45 day period to put properties under contract to ...
One of my tenants is asking me for a W9. Ever since they've moved in, they've been paying their rent in 3 checks: a personal check, a check from their first business, and a check from their second business. This has n...
Hello All,
I wanted to get some feedback based on a recent discussion with my CPA. I have a STR property that is in a FL land trust and I set up an LLC to property manage this property (collect rents, etc). I self m...
I bought my condo cheap. It was a foreclosure and I paid cash. There was no HOA fees. However my closing documents showed an active HOA. I was not present at the closing but gave a power of attorney to my agent/lawyer...
Hi, I'm looking for a few opinions and little in-sight on my current situation.. Sorry explaining this all is pretty lengthy but I REALLY need some advice.. thanks in advance =)So here's the deal: The wife and I made ...
So a tenant is very interested on renting but wants his company name to be on the lease for tax purposes etc. Is it OK if his background check comes out ok? Can I put his personal name + business name if it works out ...
What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...