What would be the best depreciation method when I am only planning on holding a rental property for 5 years?
Thanks
Looking for an advice
Case: A 20 years old young man lives with his two young sisters. The house is schedule for foreclosure in February. The house is "owner finance". His Dad is on jail and his mom deported. He is ...
Lets say I flipped one property in 2014 and I am in the middle of another flip.In 2014 I bought a SFR X for 35K, put 30K (all in labor/material/holding costs + selling cost such as cost of closing attorney, escrow etc...
A buddy was thinking of selling his former residence that was in disrepair from years of renting. I love doing home improvement and struck up a deal with him. He agreed to sell the home to me for an agreed upon pric...
OK - I have 2 duplexes I plan to sell, and do a 1031 exchange to buy a larger multifamily, something in the 6 - 20 unit range, depending what i can find in a price I can afford.
My wife and I want to form an LLC as e...
Can you guys tell me what depreciation does for real estate investors? And, what is cost segregation? As I understand it, you are supposed to divide the building value by 27.5 years, and 39 for commercial real estat...
if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?
Hi I have rental, operated under LLC. I also do wholesale and the wholesale business is operated under the same LLC.
Do I report both on Schedule C as business or do I separate them, rental in Schedule E, who...
I'm holding a performing note in the $50K range at 7.5% interest with 1 year of seasoning and a balloon payment at the end of 15 years.
I have no way of knowing the credit score of the home owner. He's an active inve...
Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...