My wife and I bought a property 50/50 with my In-Laws. We bought it in September '13, knowing we would sell it to an interested home builder. The property sits on several acres.
I have read of scenarios where...
I've been a real estate investor and broker since I was 19 years old I'm 38 now. Ive always had 95% ++ of my investable assets in real estate... mostly residential real estate, apartments, and shopping centers. I neve...
I have been investing for several years. Initially, I met with a Tax Consultant to ask how to categorize Misc Expenses. Expenses that cannot be tied to a particular property. He advised that I either not report the...
If you are a joint tenant with right of survivorship on a property how does the accounting work for tax purposes? Let’s say there are five people on title as joint tenants with right of survivorship for one property. ...
I am about to sell my bar property and will net 200K after smoke clears. What is the wisest thing to do with it? I want to invest in another property but can't decide on what. I have done flips and am 2W-2L(broke even...
Hello all, I'm in process of setting up my entity structure, I'll have a holding company LLC and then two property LLCs with one property in each. I've got a checking account open for each al...
Hello this is my first post on BP. I am wanting to do my first deal and know of a great deal of need of senior living/ disabled, low income housing in my area. I live in a small agriculture community (population 1200 ...
Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
I currently own a duplex in SE Michigan, with a lower 2 bedroom flat and an upper 1 bedroom flat. There's only one gas meter. I've looked into splitting the ducting and plumbing for an additional furnace and hot water...
Hello,
I wish to know what are some best practices to depreciate an owner occupied two unit property is it by square footage or per unit? More often than not the square footage of the each of the units of a two famil...