I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...
Hello, I was wondering if you stay in your investment property and if you make some repairs can you write it off ?In my case, one of my tenant is leaving and I was thinking to stay there for few months and get the hou...
I have finished reading @Brandon Turner's Book on Investing with No and Low Money Down. Thankfully, my eyes are open to the other strategies which will make me a more powerful investor especially since I currently do...
Newbie in Austin TX. Need CPA who's knowledgeable with rentalsHello I'm new in Austin, I purchased a duplex which I am living in 40% of and renting 60% of (though I'm currently between tenants). If anyone would care t...
“How can you use real estate to build wealth? Most people don’t know it, but owning real estate can be a major step forward in creating and maintaining your personal wealth. You only have to know how to master the ar...
Hi, I'm looking for an answer to this or links to resources since I've had a challenging time finding any. I hear that depreciation lasts for about 27 years and the amount deducted from tax can make the net income, fr...
My wife and I are exploring options for financing our first rental properties. We would like to free up some cash to make improvements on our current home, move out into a multi-family property, rent the other units ...
When I discovered that my credit was less than what it needs to be to do any kind of real estate investing, I started intensive researching for ways that I could improve my credit rating. And, with my financial pictur...
I heard on a podcast during the sale to put in writing the value of the land versus the structure to maximize the depreciable amount. In other words we inflate the structure price and minimize the land value over stan...
Freddie Mac unveiled a new financing option this week that will allow consumers to purchase a home and finance renovations all with one loan.The CHOICERenovation mortgage is meant to address the “need for more efficie...