Roy Mitle
confused about depreciation
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
Blake Andrus
Tax advisor/Tax prep
I have decided to move on from the family accountant who has little background in real estate. I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings. I would classify ...
Henry T.
CPA, STR deductions and losses.
My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level. Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over. STR cannot....
Brian Graham
Memphis, TN BRRRR Investing Team
I am investing in the Memphis Market. Does anyone have any recommendations for contractors, Real Estate Agents, in the Memphis area? That have experience working with BRRRR investors?
Gerald Harris
Wholesale deal involving raw land
i have a seller who has delinquent taxes on a .83 acre land lot of 4kLot look to sell for 13k to 16k based on a couple of other lots that have sold in the area within the last year.I have yet to touch a piece of land ...
David Wilkins
Hello From South Carolina
Hi! I am graduating college this May and have been saving every dollar to purchase my first house hack, hopefully in early 2025. I started investing once I turned 18(I lost most of it (whoops)), but I started focusing...
Kenneth Garrett
Completed BRRRR Staregy
I thought I would share a success story. Bought a 3/1 882 square feet. Small ranch on a crawl space. Offer was a three letter option; Cash, Seller financing, and a combination of seller financing and a down payment...
David Yandel
Opportunity to purchase property in established mobile home / rv park
I am currently renting a rv lot with full hookups (water, sewer and electrical) for $750 per month at an established rv and mobile home park. People in this park range from using the land for manufactured homes and or...
Jerry Ellis
Finance Strategies to Add Properties
I’m sure the question is on the forum somewhere but I’m unable to find it.I understand the idea of flipping a house by taking something in need of repair, updating, etc. performing that work, and by doing that adding ...
Matthew Freese
Tax Deduction Rollover Into Next Year
Hi Everyone -I am planning on buying a 2 unit property and renting one of the units to my friend. I am giving him a good deal on it, so the rent will only be a few hundred dollars. I have done a lot of reading on all ...