Looking to buy a multi-unit property in the DC area. Some properties require a prequal letter just to see the property and my realtor referred me to his lender to provide the letter. The lender asked for tax returns ...
Without a Cost Segregation Study, this $595,685 Single Home in Miami, Florida purchased in 2020 would have generated first-year depreciation of approximately $22,000. By applying a Cost Segregation Study, the prop...
Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
Newton's law of tax: What goes down must come up.
Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?
A post on recapture.
People are concerned about recapture when they cost s...
Greetings!
First off, extremely grateful for the BP community. A full year of reading BP material and listening to podcasts has put me in an incredible state of paralysis analysis and I need some guidance on my next ...
OK, so here's the rest of the story. It's true, very true, that any good deal that hits the MLS and is priced right - that deal will get a lot of competition and will be sold quickly, often for a price that I am u...
I am currently trying to buy a property in San Diego. The property is a 3 bedroom 2 bathroom house and it has 2500 square foot on a .33 acre of land.The county records indicate it is zoned as a R7.I believe R7 means ...
I'm second guessing some answers my CPA gave me recently and wanted to run the following questions by others who specialize in real estate accounting. Thanks so much for your time!We purchased a house, listed it for ...
Hello, I just joined this website after reading a really motivating article from this website's creator.
Let me give you a rundown of my current situation.
My boyfriend and I just bought our first place...
Recently my girlfriend and I have been remodeling her house, some changes were required (repairs) while others were more cosmetic (general updates). Once finished we will list it as a rental, in a couple months, but w...