How do you all calculate amounts for depreciating the contents of your properties? The tax assessor's document is usually pretty good for finding out the land value. But what about building and contents?
My home flooded during Harvey and it was repaired a few months after the flood. I successfully protested my tax appraisal last year. Just received the new tax appraisal and that want to raise the home value $94,000. I...
Hey all you cool real estate people,I searched on something that I thought was an obvious question to no avail finding an answer. I'm trying to figure out how to track miles for tax deductions. The biggest thing I'm t...
I have been flipping for a long time. I am now looking to build my first home for resale purposes. Does any body know any good books that will assist. I am going to do all the subcontracting myself.
Hello,According to NOLO's Tax Deduction Guide, the waters are somewhat murky when determining whether a rental property owner is a "business" or "investor." I own one out-of-state single family residence that has ten...
I got a deal on 2 (3 acre) lots (on lake Michigan) it is a few hundred feet from the lake, there isn't a direct line-of-sight with the lake, but the property does have deeded access to stairs that access a private bea...
I recently bought a condo from foreclosure, and few days later i found that there is a lean on the condo for $20000.00. My question is regarding the lean, do i depreciate it ot should i expence it.
I sent in a quit claim deed to the county to transfer two properties from my LLC to my personal name so that I can refinance with conventional financing. The county took a month to send it back because they didn't lik...
With the interest rates going up, we're basically starting to move into another bust cycle. And so we're coming out of a boom period where a lot of money has been printed, lent into the economy. Plus we had the lockdo...
Hello,I just got a duplex in Texas which is a non-disclosure state for property tax purposes. The valuation for property tax by the assessor hasn't updated yet as we're not into 2023 yet, but i was wondering if there ...