Tim J
How to determine building value for depreciation
I'm in a bit of a quandary at the moment. I purchased a property in pretty bad shape for about $1 million last year and spent about $500,000 on what ended up being a MAJOR rehab project. The city assessed the value ...
Joe Szymczyk
TAX Time...Deductions needed to get income down
Hello real estate peopleI have a situation where this year i have to pay to the IRS on taxes..Situationmy AGI income is 160k....work In IT for a big corporationi have 9 houses, i maxed out the deductions...repairs, su...
Stuart Grazier
What Was Your Best Investment This Year?
Military / Veteran Investors - what has been your best investment this year? I've done a bunch of investing this year, but for me, it was investing in myself, my network, and my education by joining a Mastermind Group...
Jessica B.
Helping a nonprofit refinance a bond or create an entity
This particular nonprofit is paying 8% on 2.5mil loan for a building. The building is worth far more than 2.5mil given it's new zoning and location in Portland. If I had to guess the building is worth at least 10mil. ...
N/A N/A
New Member (501 C3 and LLC incorporation)
I found your club through myspace.com. I spent the better part of the day reading through threads and posts of which I found very informative. However, I did not find anything about starting a leasing company or creat...
Orita Issartel
Rehabbing items that can be saved, like doors, toilet, sinks etc
The rehabbing we're doing right now has quite a few things that are in great shape and we'd like to save for future use like toilets, heavy wood front doors, some appliances, shed full of tiles, etc. I believe that s...
Tyler Blackwell
BRRR--no rehab--on Fourplex! and the $100k letter...
Last week we closed on our first BRRR multifamily property! We've employed the strategy a few times now, but never on a multi-unit property. In our tight market (Olympia, WA), it's so rare to find a deal anymore, espe...
Jeremy H.
deduction rental, property tax and mortgage interest
I wanted to buy an investment property for rental. my payments on my primary residence will hit the limit for mortgage interest and property tax deduction under the proposed GOP tax plan.But as I recall doing my taxes...
Turner Schenzel
Rental Property Budget
Hello, I feel like I am very new into the rental/landlord game, the first few years have flown by! It safe to say that the first few years I did not do my due diligence to budget and project for the future. I first bo...
Olivia C.
Charitable Remainder Trusts - tax strategy opportunity
Many of us plan to leave a good portion of our estates to charities. Charitable Remainder Trusts can be good vehicles for this while reducing taxes. Here are two articles I found. Link to original article at the ...