Maybe this has been posted before, but I'm not finding it. After speaking with our accountant, it seems like we need to be accumulating a portfolio to help offset the W-2 earnings. How do you calculate the depreciati...
My husband and I purchased a single family home with a ADU for 350k and spent about 100k after renovating and furnishing for short/midterm rental. Now, we want to sell it partly because a neighbor keeps calling us co...
My husband and I have five investment properties. Our interest rates are between 4.625 and 6.25 and the balances are less than $100k on each property, so do we work on paying the principal balance down and not have s...
Hey!!
We are planning on hiring a tax professional to really sort this out, but we're just curious how this whole thing works. We just discovered the real estate professional tax break and we are wondering how this ...
Sam's Question of the day!!!I have accumulated a handful of single-family investment properties. They are all cash flowing but I want to turn them into a large cash-flowing machine. My question was if I sold these pro...
I have a rental which has accumulated a lot of losses on schedule E. Mainly due to depreciation. I intend to not sell the rental and pass it on my kids. In that case they will get step up basis and won't have to care ...
Would anyone advice me how to find pre foreclosure, back taxes, land and properties on Internet. I searched on zillow and filtered it but still can’t find a lot of stuffs. Also, how to find off market properties and c...
Let’s say you buy a property for STR in 2024 and take accelerated cost seg benefit. Then you sell it in X years (3,5,7,10). Do you have to return the savings back to IRS if you sell it before 30 years?
Hello everyone, I had a investor contact me here recently about making a purchase on a property I own. He is wanting to know whether I want cash or to do owner financing. what cash I can take the money and run or take...
For W-2 employees with substantial income, navigating the financial landscape becomes strategic. Understanding the nuances of Backdoor Roth IRAs can be a game-changer in optimizing wealth-building opportunities. Let...