Kyle Scholnick
Buy Commercial Property First or Start LLC
Two part question: 1. I am looking to purchase a commercial office space all cash. Is it best to buy on my own first and then form an LLC and transfer property at that time? Or is it best to form an LLC first and then...
Dennis McHugh
Real estate professional tax question
Hello,I have a question about a strategy. Can you buy a house in an "Opportunity zone", rent it short term for the rest of the year. Get 100 hours of participation to become a real estate professional. Bonus depreciat...
Jack Brethauer
SC property tax strategy for out of state investor
Hi folks - South Carolina (Greenville, Spartanburg, Columbia, etc) looks like a great market for buy-and-hold rentals but the property taxes are prohibitive for out of state investors. By my research about 6% of as...
Account Closed
Cost Segregation Study
I got a call the other day from a cost segregation firm. He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. This is due to taking advantage of bonus depreciati...
Brian Schmelzlen
Bad News for Buy and Hold Residential Investors
For the past 8 months, tax professionals have been studying Section 199A (the 20% pass-through business deduction) and trying to position their clients to best be able to maximize their deduction. However, we have be...
Jack B.
2/5 year primary residence IRS test
What if you lived in a property as a primary residence for 2 years, and rented it for 4 years, then moved back into it for 2 years before selling it? Does it still qualify for the capital gains tax exclusion or will o...
Erich Henson
Built a 6-figure profit with rentals. What's next?
Fast forward 20 years from first reading Rich Dad Poor Dad, I've built up a portfolio of 50 rental houses, a 10-plex, a couple office buildings, and a tax-free annual net profit of around $200k. I've achieved my drea...
Trevor Hatchard
Trying to get my first deal
Hi all,Looking to get a quadplex in the pricey southern california market. Have been looking into creative ways to fund my first deal. Does anyone have any experience borrowing against their 401(k)? My company does a ...
Brandon G.
Excise Tax In Dallas
I just downloaded Brandon Turner's spreadsheet calculator and was going down the list and saw excise tax. For those familiar with the Dallas market, what is the excise tax on the sale or property here? Is it the same ...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...