Hi,
If the yearly depreciation is less than the Income minus all other expenses, do we need to start paying taxes on the left over income?
example :
Net Income : Rent - (mortgage+insurance+tax+expenses) = $7,500 ...
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...
I am very experienced as an operator of mid sized apartment buildings, but my desire to invest in real estate is a new breakthrough for me. Due to my experiences in building management, multifamily building(s?) owners...
We have a 3BR townhome in the heart of Austin TX. We bought it for $600k two years ago and it's worth ~$850k now. There's a $325 HOA with it which includes yard maintenance and joint pool. We are looking to move to a ...
Is there an alternative to doing a irs 1031Exchange. Rolling to a alternative temporary. If replacing property can not be accomplished in time?
I am well aware of most of the tax benefits for an active REI or as the sponsor of a syndication, but are the tax benefits the same or different for a passive investor “member” of a syndication?
I am about to run a s...
Not to get too political. But do the rich really pay less in taxes like Mr.Sanders says?
With the new tax reform it brought a new chance for us to defer our taxes with Opportunity Zones. With the Investing in Opportunity Act, it will allow investors to defer their taxes by re investing their money into an...
For purposes of reducing my personal taxable income, is it effective to run rental income & expenses through a business? I need some of the rental income for personal household expenses which would be a salary (r...
I have a townhome in LA that a family member is vacating soon. Ive owned it for 7 years and have healthy equity in it. I also have an investment property in Maryland so being a landlord isn't new. I don't want to fix ...