Vladimir Kotomin
Depreciation recapture for OZF investments vs. 1031s
Sorry if this was asked; I searched and didn't find a similar thread.I know depreciation recapture is not taxed for OZF investments held > 10 years. What about the properties sold to acquire an OZF? If I sell my fo...
Paul Kuegle
Advice negotiating the sale of my flip.
I received an offer today on a house I flipped. It's been on the market for 55 days now. No other offers. My market is a balanced market with average days on market being 35. I had it listed for $149,900, dropped the...
Keran Smith
Grant Cardone: new stimulus bill allows 1 year CAPEX depreciation
As the tittle mentions, Grant Cardone stated today that the new: 1. Allows you to depreciate CAPEX done this year in one year on your tax return instead of the normal useful life+2. Allows you to also amend prior tax ...
Andrew Johnson
San Antonio CPA - looking for recommendations
I’m looking for a CPA for the first time, here in my new home, San Antonio TX. This year I put my SFH, and a Duplex into service. It’s my first year as a landlord. I also received a Bonus this year, and as active d...
Ben Zelenka
Online Savings Accounts? Where to go?
Hey BP, I have been looking at a couple online savings accounts to park some money in. Ally savings rate is 0.60% if I am correct. I also saw Chime.com but didn't know how reliable it was. It's APY is 1.00% and it als...
CL Ziegler
Expenses, Repairs -vs- Improvements
Hi Everyone,On my last three tax returns my CPA surprised me by prorating several of my HUGE expenses, citing that they were improvements so the full amount can't be claimed on one year's return. (he diviede them over...
Aaron Miley
Questions Creating a Syndicate, am I being fair?
Good morning fellow BP'ers,I'm reaching out to get some opinions and tips on creating a syndicate so I can pool resources and purchase big deals. I'll write up my plan and see if anyone would be willing to critique it...
N/A N/A
GO Zone Depreciation
Any accountants familiar with the GO Zone depreciation credit? I have done a lot of research on it, but IRS can be somewhat difficult to interpret.
50% instant depreciation could make a huge difference to investors....
Account Closed
California - Short Sale Leads Already Listed on MLS
I'm a Short Sale Investor here in Dallas/Fort Worth, Texas.
I specialize in Short Sale Investing using an "Options Contract" with full disclosures and is fully transparent in a 24 hour same day A to B - B to C doubl...
Jessica A-Lynn
Fence vs. Man cave
Hi all
My Fiance & I just bought our 2nd flip in North St. Louis County, MO. Cute 10 yr old 3 Bed, 2.5 bath on .6 acres in a nice section of the Hazelwood West school district. I really like the house a...