Hello everyone. I’ve been following Michael Blanks content heavily over the past 2 months and what really stood out to me is the cost segregation & bonus depreciation. If someone could please explain these terms a...
I have been looking opening a SDIRA. I have read/heard many tout the overall benefits and flexibility of using an SDIRA, but when I looked into it a little more, the SDIRA seemed to lose its luster with several restr...
So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
I’m under contract for a commercial building in a designated historical district. It’s also in an Opportunity Zone. I have some options on what to do with it, but one of the main mysteries is how the tax credits work ...
Hey y'all! I've been diving into the world of cost segregation studies and its pretty neat. TLDR - it accelerates depreciation and you greatly reduce the amount of taxes you owe. Let me know if you have experience wit...
Hello!I was researching how to calculate depreciation on my first duplex that I bought and I was browsing through the county assessor website and noticed that my land value is $250k and the improvement value is $28k. ...
My partner and I are very close to closing on approximately 2.4 acres of land just outside of Houston. We have met with city officials and they are very eager to get more development in their city. I have done the n...
Hello there everyone-
I have a quick question about taxable income. Lets say that I make $700,000 in one year and decide to buy an apartment complex for $600,000 dollars.
At this point what is considered to be my t...
My 2 neighbors in Southern California are considering building a larger apartment complex across our adjacent 7,000sqft lots. We purchased our properties decades ago and Prop 13 has kept our property taxes to less tha...
Being a commercial broker, a friend (he is a broker too) recently brought me this property. If this moves forward, this will be my first property. We plan on going in on the investment and operating the property using...