Lucas Rowell
Property repairs before tax season is over
Hello and good day BP family I hope you are having a great start to your day!As the year is coming to an end I am looking at some maintenance projects that I would like to do on our investment properties.-Are there an...
Laurence Obi
REAL ESTATE TAX EDUCATION REQUIRED
Hi Guys,Seeing as I'm expecting major capital gains over the next year, can someone please recommend a book that talks mainly about taxes as they apply to Real Estate? 1031 Exchange, Depreciation and the likes?Your su...
Russell Goldenbroit
Rental Property Tax Savings for the Passive Investors
Hi Community Newbie to the community looking to get started in rental properties. I've heard of people using rental properties to lower their taxable income but I'm not clear how this is possible. From what I'm gath...
Kevin Barrett
First Response From First Mailing Campaign
I recently mailed out a batch of YLs and received my first call (well, Google Voice Voicemail) today. When I called the seller back he told that he was interested in selling, but he stated the following:
"I'v...
Jerry Hodges
New LLC line of credit
I have a property that I’ve recently acquired. All of the 11 windows seem to be the original install from 1943 with the counter weights in the walls and everything. After the window replacement, some cosmetic work, le...
Robert Goldman
Why don’t investers, who rent homes, pay their property taxes?
I am noticing quite a few homes that are 2-3 years past due on their property taxes and none of them are mortgaged. They are up for a tax deed auction because they have 2-4 years of tax liens and some are rented out t...
Yinan Q.
Can you count your own labor for repairs toward expenses?
If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?
Thanks
Joshua Awodele
Connecticut Section 168k Limitations
Just found out that Connecticut disallows section 168k & section 179 bonus depreciation. For reference, see: https://portal.ct.gov/-/media/drs/publications/ocg/ocg5bonus...
Is there an exemption to this rule or c...
Aaron Natalie
Cost Segragation Study
Looking to get a Cost Segregation Study done on our property we bought this year. Looking to get it done this year for tax purposes. Any recommendations for the KC area? It is in Bonner Springs, KS.
Jacob Sharp
Tax implications of seller financing on small apartment building
I am in negotiations with the seller of a small apartment building (6 units). The seller has owned the property for a long time and it is fully depreciated. However, before we put pen to paper he is trying to figure...