Laura Krukowski
Does 1031 exchange work on raw land?
Just sold a parcel we owned- raw land. Made a 20k profit. Can you do a 1031 exchange on this or does it have to be a house? I feel like I should know this but I don't. Thanks!
Patrick Flanagan
New real estate agent advice
Hey bp!My wife is a new real estate agent and with this virus going around she has had a very hard time reaching new clients. Obviously this is a hard time for us all, but what are some tips she can be doing right now...
Susan K.
Paying taxes on Flips is it worth it as a business?
If flipping is a bad tax strategy or one of the worst RE strategies as far as taxation, how DO you make money by flipping? I have read many different posts that talk about how if your goal is to minimize taxes, flipp...
Nathan Robinson
Purchasing Short Term Rental to offset W2 income advice (TX)
Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
Aleksey Vinogradov
New Jersey landlords - How desirable is TRA (Temporary Rental Assistance)?
Hi everyone! A prospective tenant asked me if I'm OK with TRA. It was the first time I heard of this program. The lady said it's like Section 8 but for a limited term of one year. Did anyone deal with this program? S...
Douglas Rice
Best Insurance for Rentals in Indiana
I have a triplex under contract in Indiana and I am an out of state investor. Can anyone reccomend a great insurance agent in the area who specializes in Rental Property.
Adam Evans
Cost Segregation for a pay lake
I was curious if anyone has ever had a cost segregation study conducted on a pay lake and if this would be something worth pursuing. I am not sure what portions would be considered depreciable. The land has a small ba...
Glen Nash
Looking for investor friendly insurance agent in Lousiville KY
Hello everyone, looking for someone that can do all - auto / personal / SF and MF investments. Any recommendations would be appreciated. Thanks in advance for the help.
Ashan D
Tax minimization: Business vs Real Estate ownership
Hi,
I've heard that real estate is a decent tax shelter because it allows for a lot a tax write-offs: mortgage interest deduction, building depreciation, deferring capital gains through 1031 exchanges etc.
I'm less...
Patrick M.
How do you feel about our representation?
I thought that going into this, we, as landlords, would come out looking like the knights in shining armor. But now I am having significant doubts.I have been reading about poor industry after industry who has/is suff...