Hi everyone - are there any economical solutions to cost seg studies for SFR's?Thanks, Jonny
I am investigating different sponsors for investment opportunities. I am reviewing the track records and some of them seem a little too good, like they've never had a bad investment. Does the SEC require a sponsor t...
If I use lines of credit for a down payment on a apartment complex do I have to pay taxes on my cashflow before I pay back the lines of credit or after?
Short: Can the Cost Seg Study result vary based on "WHO" does it? Should I shop around?Long:Thanks to my awesome CPA, I've learned about STR Loophole and embarking on the first cost-seg study. As a noob, I wasn't sure...
Could a long term lease could be written as a series of short term leases (less than 30 days), and thus qualify income from the rental as "Active" and thus allow the tax filer to file as a "real estate professional"?
Lets say I hire GC, I sign a contract that among other stipulations says that I pay only to GC. GC hires subs. Lets say he hired painters team. Guys are not licensed or insured …one of them falls off his ladder and...
Does anyone who had claimed status as a Real Estate Professional with the IRS also have a full time job? I own 4 rental properties and I also work from home a medical supplies sales rep. I buy and manage the propertie...
Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
Hello fellow BP'ers, I am considering engaging with Engineered Tax Services for a Cost Seg. Study on one of our recent acquisitions. They are proposing a limited detail study since this Quad is a relatively small prop...
So the majority of all of the contractors or people I hire to help at my rental I pay in cash because they don’t accept credit card or check and they don’t have an EIN. Another example is cleaning ladies and or painte...