Take advantage of depreciation: Depreciation is a tax deduction that allows you to recover the cost of your investment property over its useful life. By taking advantage of this deduction, you can reduce your taxable ...
Hey BP so here is the situation. I currently rent here in Huntsville but I am currently building a home. I said I wanted to get into real estate investing and thought what a good way to do it buy renting out the house...
PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...
Hey guys!I've been actively educating myself on RE investing for the past 5 years. I recently graduated from college and plan to make RE a lifelong career. My vision is to own a company that invests in large apartment...
I know propstream will not allow you to pull a property twice within the same list, which is great. Though, when I pull 2 separate lists in a similar area there is a chance that the property shows up on both lists. I ...
No savings, own a home but no equity, can’t house hack. Should I sell my current home for a duplex to house hack in order to create a savings for an investment property?
Good Afternoon.Ok Guys, this is my scenario. I am going to include my real scenario with as many specifics as possible so I can get the most detailed advice, I could use it. I am 35 years old (today) and my wife and ...
Hi fellow investors -
I recently conducted two cost segregation studies on my rental properties. I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or h...
My wife and I are wondering about the pre-foreclosure process and how it makes sense if you have equity in your home. For example, we bought our house two years ago for 240k and put 20% down. It has since gone up in v...
Are you navigating a Sec. 1031 exchange or facing deferred tax gains and looking to understand how to optimize your deductions?Today I wanted to share with you how to maximize deductions on like-kind exchanges using c...