I need help understanding real estate taxe benefits
Here is an example
purchase price 550k
down payment 55k (owner occupied) 10%
interest rate: 3%
amortization: 25years
monthly payment - 2415.19
1250$ a month t...
Just completed my 2nd deal, both of which were reno's and now rentals and currently working on my 3rd. My wife and I both have strong W-2 incomes and our first 2 deals we paid for with cash under our names. We've sinc...
This is something that no one wants to go through unless absolutely necessary. Having gone through an insurance claim once, I’ve learned so much about insurance, about rental properties, and anything in between and I ...
I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...
Hello BP,Question about cost segregation. I understand in general the Benefit of doing a study. My questions are the following..Is there a down side to waiting? I was told you should do a cost seg in first year of ow...
Everyone has heard about the potential tax benefit of Opportunity Zones, but has anyone noticed the even greater potential when combined with bonus depreciation. Our tax counsel pointed this out to me, and I was wonde...
Please share where and why you are investing for cash flow and why ,
Hello BiggerPockets Family,I own a 3 unit multifamily house and I'm considering having a cost segregation study to accelerate the depreciation on the property. I know that this makes sense as a tax strategy for comme...
Hello everyone, long time reader, researcher, podcast listener but first time posting, as I finally closed on a rental property a few days ago (wish I was posting on a slightly more positive note).I tried to search th...
I have 2 properties in California both under a trust:1. A 3bd/2ba rental home with a 10-year interest only loan about to adjust to LIBOR in 2016. Renter has been with us for over 18 years.2. A free and clear 40 acr...