Hi All! I recently got under contract with a triplex and the seller accepted my offer to finance the 25% down payment. Thus 75% will come from the bank and 25% will come from the seller. The plan is to BRRRR this prop...

Can someone explain the tax benefits of real estate?  I know what the 1031 exchange is, but don’t know the concept of depreciation and how that is a benefit to real estate investors.  Any other tax benefits that you g...

So I'm getting ready to present an offer on a $2M apartment building and I would like to understand seller needs/wants.  1). Will they have capital gains tax?  (He's owned it for many years),  2). If he charges me int...

HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...

Hi all,

A big advantage of real estate is that it can be a large tax writeoff. The "depeciation" and mortgage writeoffs can save quite a bit.

I plan on living abroad so US real estate won't be an option for me for ...

Hi folks, we recently started to build our pool in the backyard and was wondering if you have tax benefits if you add your pool to your LLC?The business case is that we would either use the pool for:1. Lease it out to...

Achieving Real Estate Professional Status (REPS) can allow investors to deduct rental real estate losses against other income, potentially providing substantial tax savings.Key Points:
Qualification Criteria: REPS re...

Now this is technically a legal question but I'm sure investors would know. How does the tax benefits work on real estate? For example , say I net $8,000 from a wholesale deal, do I put that 8 grand into an account an...

Hi, I am a newbie in the RE world and trying to gain knowledge and advice before I jump in. In the process of self educating I am coming across a situation which might occur in future.. We bought a condo last year whi...

I am aware that turbotax has their own agents who can help. But is there a way that an independent tax consultant can help a tax filer via turbotax. I love the security (comparatively) and self service document and da...