Shawn Ho
What happens when 2nd forecloses?
Hi,
What happens when the 2nd foreclose and no one bids? And why would a second try to foreclose? Thanks!
Julio Gonzalez
How to Save Money on Your Real Estate Property
There are multiple ways to put more money back in your pocket when it comes to real estate property. Here are my top 8 ways to save you money.
1. Energy Efficient Deductions (179D) – Your property may be eligi...
Kyle Hoorn
When does one year Owner Occupancy start?
Hello,This is kind of a novice question but I am trying to accelerate my "bank hacking" by buying owner occupied homes as fast as possible for the next few years as I am still in my 20's and is easier now. Without ge...
Takiyah Riley
Personal line of credit for down payment
Hey everyone, So this what I did..I have access to 60K in personal LOC. Instead of using my own capital (16K) I used 30k of my personal LOC for the down payment on a duplex. The all in cost is 85K with an ARV of 125-1...
Terry Royce
Bonus Depreciation Items
Reviewing our 2018 books.
I am working on breaking out & reviewing our rental expenses.
There does not seem to be a comprehensive list of "bonus depreciation" items for the new tax laws. Different accountants I'...
Daniel Rodriguez
Rental property and segmented depreciation
I bought a rental property on 2011. I used segment depreciation. Land $50,000 +dwelling $175000+ list of personal property $5000. Total $230,000
In particular the washer was value at $200 that I depreciated on 2011. ...
Khalil Hakim
I bought a property subject to An there is 30 days
What’s the best way to handle the taxes on a property I just purchased. I’ve heard of tax lenders, but don’t have equity in property it was a “subject to” deal.
Anyone can point me into a tax solution.
Matthew Hall
Is the DOS clause actually spelled out in the mortgage or just implied because it's not assumable?
The mortgage I'm looking at says nothing about a DOS clause but does say it does not have a "Demand Feature," which apparently allows the lender to call the loan due for any reason. It does however have a box checked...
Ryan Knapp
Looking for Cost Segregation Study insight
A key component of my real estate strategy involved cost seg studies, claiming REPs and accelerated depreciation to shelter a large amount of active income. However, I've been speaking with a couple companies and gett...
James Likis
Tradeoffs: amending taxes with cost segregation & bonus depreciation
When filing our 2022 taxes, our CPA did not mention or encourage us to do a cost segregation study to capture bonus depreciation on the two properties my wife and I acquired in 2022. Our goal is to invest aggressively...