Cost segregation is a great tax strategy when applicable. I certainly endorse it and implement it for my clients. Again, when applicable. What I cannot endorse is the misleading presentations by some cost segregation ...
My keyword settings keep me seeing forum posts about LLCs. Inevitably, discussions of LLCs (and the constellation of issues related to them) reinforce the need to work with professionals: attorneys and CPAs espec...
On a buy and hold rental property the purchase price was less than the value of the land itself. How is this accounted for taxes purposes (i.e. Depreciation) j
BRRRRing with others. Total of two couples. What is the best way to invest together, split profits, buy properties etc.?
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So I have just 3 properties and I don't have an LLC structure just yet. I'm going to purchasing a new computer soon which I plan on either writing off or depreciating as a business expense. When I fill out my taxes, e...
Specifically, I'm looking at a setup very much like what is described in This IRS Publication In fact, this wording in the IRS publication is effectively (similar, but a little different)what we are planning to do: "...
Hi all!
I have been lurking for months and this is the first time I have a question I can't find an answer to! My wife and I bought our first rental property and have been setting up our business and such. Our lawyer...
Hey there! So I typically run my numbers with 15% set aside for vacancies, repairs, and cap ex (5% for each). However, with margins being low, is it okay to use less than 15%? Say I run the numbers and I get a -$50 on...
I'm currently exploring a new build construction as both a vacation home + short term rental. However, I'm looking at a scenario of co-ownership consisting of 4-8 investors. The idea is each investor gets a fractional...