I paid $30k for windows this year. 60 windows @ $250 each. My invoice is itemized. Can I claim de minimis safe harbor since each window is less than $2500 and my invoice is itemized? I didn't have to replace them a...
Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1) For appliances that I purchase BEFORE official "available to rent" date. Do these h...
I am a relatively new investor with two cash flowing SFH rentals that are building equity nicely. As we all know the BRRRR strategy is the golden goose of real estate investing and I appreciate the many discussions on...
Hi, we will definitely consult our tax professionals but wanted to brainstorm some ideas before approaching them.Situation: Private lending for downpayment and rehab costs for fix/flipWe discussed doing a promissory n...
What lessons have you learned in the past to quickly turnaround your house to be ready for another tenant? I learned to check my property quarterly and to nip things at the start if there are any issues.
How do I minimize taxes on first rental investment?
Any advice on how to minimize any costs associated with foreign investors sending cash to the US for RE investing? I know that using dollar denominated accounts abroad is useful, but what are other options given the l...
Greetings, I want to know if there are any suggested tax minimization strategies when investing in places like Fundrise or Prosper. From my understanding, your returns are taxed at ordinary income rates which is not i...
Hi everyone, I have never purchased a small multifamily home ( to be honest ever purchased a house either) im 25 and want to get into real estate to be financially free. i Decided i want to use my first real estate pu...
My mom and uncle inherited family property when my grandmother died 10 years ago. My uncle has lived on the land his whole life including after inheriting--it's his primary residence. The land is comprised of a few ho...