MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Can the BRRRR method be used to purchase a property that will be used for a Personal Care Home for elderly people?Method - would be to buy the property; renovate the property to make it accessible for the elderly; ren...
Any suggestions on which method is a better way to furnish a rental property? I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I...
Hi all, I have read several articles and watched a couple of videos regarding house hacking and tax deductions with an eye focused on how to properly determine what percentage should be used for tax deductions, and it...
Hello,My wife and I are looking to invest in the St. Louis market. We are very motivated and excited to start our real estate investing journey. We've done extensive work building a locally-based team and have been se...
For the first time this weekend, I took a couple hours and drove a couple neighborhoods and came up with a list of homes that I want to target for off-market lead generating.
My ultimate goal is to buy these homes f...
Is that an appropriate method to use to find the owner of an abandoned house? Meaning if I call the City of Phoenix are they allowed to provide the information (name, mailing address, etc.) of the person who last paid...
Who does what and what are the pros and cons?
I wanted to see if there were any tax experts who have ever rented rooms out in their home. The answer my enrolled agent who is not a real estate expert gave me did not seem to make logical sense to me and I wanted to...
What are the pros and cons of vehicle expenses? Ive read there are two different ways to write off this expense. Actual expenses like car value depreciation plus insurance, gas, repairs, oil changes or the other opt...