Let’s say you buy a property for STR in 2024 and take accelerated cost seg benefit. Then you sell it in X years (3,5,7,10). Do you have to return the savings back to IRS if you sell it before 30 years?
I am new to Short Term Rentals and working with a partner to build our first rental cabin. How can I still benefit from taxes for 2021 if our cabin won't be done until 2022?Quick background: My partner is fronting the...
Hi Everyone – I’ve recently entered into a land trust with two partners to purchase and flip an SFR. Since the closing, two of us have decided to keep the property and buy out the third partner. Now that we plan to ...
Hey Everyone,
Apologies if I'm bringing up a subject that has been answered, but I couldn't find anything particular in the forum about this.
I've got a large single family portfolio in Florida and haven't taken a...
Would love to know if any bank exists that can do a cash out refinance where underwriting takes less than one week
Hello BP Community,
This is my first post and I am not sure if I am asking too much!
I'm exploring the idea of investing in a short-term rental (STR) property abroad and have a few questions regarding how to structu...
So, I sold a Parcel in Dec. 2021 using Owner Financing . Title named The buyer as Grantor, Trustee as Myself and Lender as myself. I was told it was much easier to have me as trustee so if I ever need to foreclose I c...
Without a Cost Segregation Study, this $900,000 Office Building in Kalamazoo, Michigan purchased in 2021 would have generated first-year depreciation of approximately $23,000 By applying a Cost Segregation Study, th...
Cost Segregation in Real Estate:
Real estate investments offer a path to long-term wealth accumulation, but the tax implications can be complex. Fortunately, cost segregation is a valuable strategy that real estate ...