What happens in Year 2 and beyond after Bonus Depreciation occurs in the first year? Is there no depreciation tax advantage past that first year? I love simple explanations :)Thank you!
I've been watching Loopnet and I came across a person selling 3 properties at once. I have looked at some of the data and it seems like it could generate some decent income. How would I go about financing this, cou...
Being new to REI, I read blog posts almost every day and soak up podcasts to increase my competency. I hear resounding calls to act and warnings against "analysis paralysis". One of the recommendations of Brandon Turn...
I've got a situation and I could really use some advice and input (it's time sensitive and I'm waiting to hear back from my accountant and 1031 Exchange agent).I'm selling my out of state condo for $70k, I paid $26k i...
Hi all, I was wondering if I have a free and clear rental under my name that's been rented for several years, is it possible for me to transfer the property to my spouse, and then have her refinance the house under he...
This question is probably has a simple answer, but I am the first in situation like this. I have a rental, and I have a loss on it in 2021. By this I mean I was renting it out in 2021, but depriciation and mortgage ma...
Little background, there is new development being built in the out skirts of the town Im investing in because a new bridge and highway being built to run directly through it. Supermarkets and movie theaters have alrea...
I asked this in another forum (in an admittedly long and rambling post), and did not get an answer to this specific question. The space in question is one of 5 units in a light industrial building. Three people want t...
I just bought about 800 square feet of luxury vinyl flooring on sale. I won't actually be using it for a couple months. I could carry it all into the basement of the property, where it will be closer to the heater an...
A friend of the family owns, free and clear, an abandoned SFH (1200sqft 4bed/1bath) in need of gut rehab. Currently 5 years behind on taxes (~10k in taxes owed). He wants to give me title to the property. How can I to...