When filing our 2022 taxes, our CPA did not mention or encourage us to do a cost segregation study to capture bonus depreciation on the two properties my wife and I acquired in 2022. Our goal is to invest aggressively...
I am looking at a property built in 1890. There are concerns with the basement/structure. There is water intrusion and potential structural damage, as detailed in the inspection report that I received from the seller....
What Do You Think?
I have a small quote in this msn.com article applauding FHA for suspending their 90 day No-Flip Rule and suggesting FNMA and Freddie Mac should do the same. I just went back t...
**Stage 1 - Beginner Wholesaler**
From 2017 to 2018, I was just getting used to the ropes. Although I had a background in sales, speaking with distressed sellers was a completely different experience—one that require...
All-
I wanted to share an interesting deal I recently closed. I recently came across someone whose father had passed away and did not have a will. She was interested in selling me the house but because there was not...
Happy Monday y'all,
Its that time of year again: tax season. I currently use Eco-Tax to handle all of my taxes. I find my self getting stressed out using them, mainly because I feel like they are more complicated and...
Hello Everyone,Thanks for clicking into my thread! I am a recent University graduate living in the Greater Seattle Region. Financially, I am fairly stable with strong credit (730+), and working a entry level tech recr...
Under contract on my first deal now what? BRRRR or Flip?Here are the details; My intention was to BRRRR however I ended up with conventional financing and just wondering if it will still make sense due to closing cost...
I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...
Hello BP,
Can any brokers working with AIR CRE lease docs on here tell how much it would cost to write out a lease with 14 -20 credits? Looking at AIRCRE website it seems they moved to a pay per use model with credi...