I’m not sure this term is correct so pls let me know....trying to make offer on SFR but want to say I’ll offer this much but willing to go $1000 over highest offer with documentation.... what do u think?
Hello, I was wondering if anyone used accelerated depreciation vs straight line for properties they have a lower time frame on. For example, If I only plan on keeping a property for 5 years vs 27.5. The difference in ...
Just some background to help you guys get a full picture of where I am and where I want to go. I am a 29 year old guy who has a law degree and well over $140k in student loans. My student loans have not kept me from g...
Trying to get some information on how taxes work because I may need to hire the professional this year. I have a W2 job, self employment and then my rental properties. I have used TurboTax for the last few years as it...
So we just closed all cash on a 6-plex in Las Vegas. Its our first true adventure. Long story short the capital firm we were working with strung us along saying they were going to come through with financing and then ...
Hi all,
I wanted get some opinion from BP nation on a property I bought in Jan this year to see if it makes sense to do a cost segregation study and accelerate depreciation on it. Here are the numbers:
315k - land v...
Hi everyone,I wanted to know if anyone has done Michael Blank's multifamily mentorship program and if it's worth it. They have 3 Tiers: 1. Follow the program yourself,2. Coaching for 6 months,3. Mentorship which is fo...
So does the cost seg/ accelerated depreciation work best for a real estate "professional" status person only
Is accelerated Depreciation still allowed in 2022?
I'm purchasing some properties this year and thinking o...
Hi BP community! My husband and I recently purchased a new home in Southern Missouri that has a large shop w/ apartment on it. A CPA I met with discouraged us renting it and encouraged classifying it as a home office ...
Has anyone had any experience with this system or company? Does anyone know how legit. this company is. Is there any research on file?Thanks,John