Lets see if anyone can help me with this scenario as I may face it in the near future...For scenario reasoning lets say I am typically in the 10% tax bracket.I purchase a lot on January 1, 2016 for $18,000 and start t...
The idea would be to find a lot or lots to build on and rent the units out , maybe even house hack. My wife brought up this idea to me the other day and it intrigued me since I've been interested in container homes fo...
Has anyone taken advantage, or plan to take advantage of the tax incentives in the Tax Cuts and Jobs Act of 2017 for the Opportunity Zones in Duval? From my understanding (Please correct me if i'm wrong) All you hav...
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
Has anyone gone through the process of applying for the tax credits associated with renovating in a historic district? Question I have: 1) How difficult was it to renovate to the historic architectural standards?2) Di...
Hello experts,I was wondering if a single family new construction project could be structured to benefit from a 1031 exchange. If yes, what’s the requirements?Concept: buy an old house, knock it down, build a new one ...
Hi all, appreciate your time in reading my post and taking the time to respond. My question is as follows.I bought my rental property in 2016 for $300K and the property tax letter accessed land value as $120K and stru...
I’m closing on the sale of my business and building in the next few weeks. l plan to use that money to start investing in real estate. I’m particularly interested in small multi family and/or medium term rentals. I’...
Hello Fin-savvy friends! I'll keep this concise because it's complicated (I don't understand it... questions below). Circumstance: Wife and I live in 1 of 3 units within an Oakland CA triplex purchased in 2010. We w...
Hello to all, I am relatively new to owning and renting out property so any help here will be much appreciated! I have rent that comes in for one part of my building and before too long I should have additional rent ...