Ken Press
Where does Bonus Depreciation tax benefit fit into deal valuation?
I'm reading through "Real Estate by the Numbers" -- awesome book! As I'm modeling out my second STR, I look forward to taking advantage of 80% Bonus Depreciation for tax year 2023, and claim that against W2 income.So ...
Erick Acosta
LLC vs S CORP ? I’m a newbie investor.
LLC vs S CORP ? I’m a new investor who lives in Los Angeles. I’m looking to start Fix n Flipping in the Ohio market. Should I go with LLC or S Corp when investing in out of state markets ?
Jason Papp
Seller Finance - High Interest 2nd to have a lower sales price
Is something like this possible (simplified hypothetical example):
Seller wants 500kConventional loan for first 400kSeller carries a 2nd note of 25k at 19.5915% over 20 years = $100,009 in total payments
Would this ...
Michael Mastantuono
taxes due to selling a house you flip
I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
Piku Nanda
Starting a Business - General Question
Hello All,I am starting out a retail business with my life's savings (around 300k). Since this business does not have any property or equipment, I cannot get a business loan (and hence using my savings). I wish to sho...
Daniel Kunimoto
Cash out of old retirement accounts?
Through my former jobs, I have about $40K in retirement accounts just sitting there (my current job doesn't have a plan). I have about $10K in savings right now. I am considering cashing out on my old retirement accou...
Alec McGinn
Why would I ever use an accountant?
Hello BP, I know that accountants are extremely valuable people to have in your circle, but I find outrageous titles grab people’s attention.
When do you like to meet with your accountant and how frequently to you s...
Daniel Mendez
Property Investing: ROI Tax Question
Good evening BP,Out of curiosity, how much should one save off of the cash flow that one could make off every unit? For example, say I bought a home and it cash flows $400 a month after all expenses. Am I free to spen...
Jim Vinh
Selling previous rental property - need help with decision
I have a SFH that I have rented out for 9 years. There is quite a bit of capital gain on it (about 500K). I am thinking about selling it now that I am about to retire (and the market is high). If I make my this rental...
Corey Wright
Please tear this strategy apart (gently...)
Background:-My wife and I have two single family rentals in Fort Worth TX where we live. -After PITI and 10% for maintenance/capex the rentals combined cash flow $575/mo or $6900/year which is approx 2.6% return on eq...