Corey Demuth
How does Depreciation Work?
can someone explain how depreciation works in a nutshell, and how it helps your taxes?
Sean Gallagher
Cost seg / accelerated depreciation to offset W2 - thoughts
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
Jared Orme
Intangible Tax on long term loans in Georgia
The ‘newish’ intangible recording tax in Georgia (and coming to a state near you if not already) is a tax upon any long-term loan that involves real estate.
Given that many of my deals are owner financed, this additi...
Gary Franke
Do you have an Exit Strategy?
For those investing in any aspect of the Real Estate industry the key thing to keep in mind is what are your GOALS & EXIT STRATEGY!We have all mentally gotten a project completed or goal achieved for the price we ...
Nate Pucel
Paying insurance payout to contractor in cash
I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment. Does this make sense financially? If the payment is considered a busi...
Jose Botello
Repairs and upgrades to one side of a duplex
If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?I would be doing this to be able to rent it out in the future at a high...
Royce J.
BRRR Tax Strategy
Hello
What is the best BRRR tax strategy? What is allowed?
I purchased a 4 unit apartment building for $140K, I paid $14K to the whole seller, and rehab cost was $34K. Then I refinanced $180K.
Can I depreciate $1...
Wai Chan
Tax write off for rental property in Turbo tax
I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...
James W.
Redemption after Sale of REO.
Hi guys - What happens if the foreclosed owner tried to redeem the property that I have bought from the lender?The property is no longer with the lender - so does he take it back from me?Does the owner pay the lender,...
Bryan N.
Tax question regarding converting primary into a rental
My primary residence will be paid off in less than two years. At that time, I am going to purchase another primary and rent out my current one. The house will need new windows and a roof within the next five years, ...