Shyam Kumar
Is Property Management a Profitable Business?
I am planning to start a property management business in Texas. Can I expect to see good profits in this business?Any guidance is greatly appreciated !
Charlene Placko
Depreciation in CA?
I'm new here and new to REI, but I'm curious what the tax laws are regarding depreciation in CA. I know someone who has a property in CA and they said they weren't able to depreciate anything. They have a CPA doing ...
Mark Hadnett
Subdividing Land as a tax write off
Hi All,
I have a question regarding subdividing land. I`m looking at a property in NJ and its on close to 10 acres of basically un usable excess land. The house and driveway/garden etc needs about an acre at most(Hou...
Matt Said
Implications of exiting a 1031 Exchange
Does anyone know the high level implications of undoing a 1031 exchange? Obviously the tax implication one is a big one. If the property is sold at a loss, can you unwind a 1031 to off set the gain on the sale of in...
Ben Brigham
annual s-corp tax strategy
Should a flipper (who is structured as an s-corp) consider buying additional properties before the years end in order to offset higher than normal profits on a tax return?
Juan Ayala
1031 Exchange-FL Sale Invest Property to TX Invest Property
BP Family,Seeking some unofficial advice and definitely plan on validating with a CPA before execution. I have a property in Florida that i am trying to avoid paying CGT on. I would like to do a 1031 exchange and purc...
Jose Contreras
Partnerships in flips
Hello everyoneI would love to get an opinion on our situation from everyone. My wife and I buy and hold long term properties. So far rents are great and we would like to purchase more properties, however we are limite...
Chris T.
Quick Case Study/Questions for First Rental Purchase
Hello - Hope everyone is doing well today! I'm close (30-60 days out) to purchasing my first rental property and would like some perspective on how I should handle financing, llc or not, and a few other items. I cur...
Kasper Rune Søgaard
How to calculate depreciation and tax burden
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
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Opinions on Additions
Hey everyone,
The township across the lake from me is an old vacation community with 1-2br year round bungalow homes that are prime for second story additions to make them 3-4br. If the numbers appear right, does any...