What specific tax benefits can high net worth individuals receive from building real estate on tribal land?
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
I just closed on a SFH purchase last month in TX and I received an email from the seller's agent requesting a refund from me because the seller over estimated the property tax and has over paid during closing.Has anyo...
Hello Bigger Pockets Forum,
Looking for thoughts and feedback on the probability of the IRS exercising their redemption rights (during the 120-day period) to redeem a foreclosing property which has ~$1-1.3M of equity...
I'm redeveloping a 138-unit former senior housing building in Detroit into 100% affordable assisted living facility with an adult day care on site. Incomes will be at or below 60% AMI.Obviously, the senior housing sec...
Has anyone considered adding solar panels in a rehab project? Planning to house hack in Fort Worth, TX and I’m considering this to go green and possibly see a ROI buy putting energy back onto the grid.
Hi BP,I need an experienced CPA that knows Opportunity Zone, Neighborhood Revitalization tax credit, New market tax credit etc... I own a 16 unit apartment complex in areas listed above in NJ. I have an opportunity ...
Hi BP,
I need an experienced CPA that knows Opportunity Zone, Neighborhood Revitalization tax credit, New market tax credit etc... I own a 16 unit apartment complex in areas listed above in NJ. I have an opportunit...
Hey All!Does anyone have any experience with, or knowledge of, using solar panels as a tax strategy for STRs?I'm curious if there's more benefit to getting solar on an STR other than the idea of the energy cost saving...
Here is the information on my second flip.The expenses were higher than projected due to some improvements that had to be made to satisfy the buyer. But overall another successful flip with profit of $74,000Purchase P...