Peter Bardou
How do these numbers look?
ey everyone! Would love some advice on this potential deal. A women I work with is looking to unload her 3 unit in a college town. I know the property is very well taken care of. Her husband is a highly respected cont...
Seth B.
Write offs for an Owner Occupied Duplex
Hi All,I'm doing taxes for 2016 and we have an owner occupied duplex that we lived in all last year (we bought Aug '15).Now I know people that are responding probably aren't going to be certified accountants blah blah...
Brandon Cooper
50% rule
Does the 50% rule apply to everyone? The reason I ask is I have notice numerous people pay for utilities for their property when renting it out. Here in California this is not common as the renters themselves are resp...
Charles Wade
First STR Purchase - Existing STR in Blue Ridge, GA
Hi, newbie here.For my first real estate investment, I am considering an existing STR that is for sale in Blue Ridge, GA. I have run the numbers using DealCheck and no matter what I do, the property shows a negative c...
Matthew Ficorilli
Capital gains tax question
I have a question about wholesaling. If I structure my deal with an assignee or do a double close on a deal, is there any way that I have to pay a capital gains tax? Or is it straight income tax? I have an LLC set ...
Pj Arora
Save taxes on W2 using Short term rental
I heard about this instagram but don't know much about it. Is it real that you can save on W2 income taxes if you have a short term rental. Has anybody used this strategy? If this really works then I can invest in a s...
Simon Yeramian
Help me clarify some numbers ...
Hello, this is my first post on this forum. I'm a college student very interested in real estate investment. I was reading an article lately and then I started this calculation. It is about the acquisition of a renta...
Frank M.
What Pre-Service expenses are deductable?
My 3 family purchase is almost ready to rent, just over 6 months renovating. I understand "Make-rent-ready costs are not deductible." My question is what expenses along the way are a deduction this year? Property taxe...
Kathy Austin
Solar panels, combining comed account
HI! We own a six unit building in Chicago IL and we are looking into consolidating all to just one electrical account, and installing solar panels. We would like to meter electrical use for each unit and for the bui...
Julio Gonzalez
What is Considered a Quality Cost Segregation Study?
As most of you know, as part of the IRA, the IRS was allocated significant funds to hire new employees. With that comes an increased audit risk. One of the things that IRS auditors look for when auditing a cost segreg...