Priscilla Avery
Anyone taking great advantage of cost segregation and depreciation?
Newbie here and looking to start investing in Reno, NV or some other easily drivable area close to the Bay Area in CA that has properties not expensive as in the Bay Area. I cannot afford to start here. BRRR is what...
Max Emory
Take a Hard Look at Your Expenses to Increase Cash Flow
For some, the easiest way to do this is to go through the past 3 months of bank and credit card statements and mark each expense with a letter or highlight them. I got this method from the Profit First system. (They m...
Andrew Pound
Becoming own landlord as first step
Mt wife and I are wanting to get started in real estate investing, specifically in becoming landlords. The house we are renting right now is a wonderful home, good location and size for a rental, (just a tiny bit smal...
Bryan Lynch
Is tax taken out of the gain in buy and sell or just the profit?
Hey Guys! I am currently in my first flip and things are going great! Bought at 165000 and about to hit the market for 320ish. I did however have about 44k in rehab. I owe 155*** and have another 30k in down paymen...
Phil M.
LLC formation in NYS
So my partners and I have decided to start the formation of an LLC so that we have a business entity to protect our assets.
I understand that the Articles of Formation are a few hundred dollars, b...
Lawrence Porter
Bonus depreciation has been reduced to 80%
Yes, there has been a change in the tax law regarding the bonus depreciation percentage.Previously, the bonus depreciation percentage was 100%, allowing businesses to deduct 100% of the cost of qualified assets placed...
Jeff Ronningen
Tax Treatment: Capital vs OpEx
Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.
Russell Brazil
Independent Brokers, What Are Your Costs and What Tech R U Using?
Im curious what independent brokers are using for CRMs and what cost you are paying, e&0 insurance costs, what splits you are putting agents on, what you are providing to those agents, and any other jazz that migh...
Dan Graney
Brand new investor - House Hacking, what is deductable
Greetings,I have read many times that getting a good accountant would be one of the first things to do as I step into the world of real estate investing. I found one but he told me since I bought my first property on ...
Kyle Scholnick
Are down payments on rentals tax deductible?
I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...