Hello BP!Wanted to get your thoughts on write offs for your business and whether it is worth doing? This could apply to a real estate business or other small business. Basically I jumped off the deep end and quit my W...
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
I’m 22 just bought my first property this past April and it isn’t the most fantastic purchase thus far. I’ve only made roughly $700 thus far including equity gain in the property. I do not live in this property and wh...
I plan to purchase I new home within the next month and was planning on renting out 1-3 rooms to future friends/tenants. I’ve done a little research regarding tax deductions for the portion I am renting out but was lo...
5 Tax Mitigation Strategies Every Real Estate Investor Should Know
As a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio. Yet, many investors overloo...
Good morning folks,
Here's my newbie question for the day. I just finished my first book on being a land lord (this book was single family specific 90% of the time). I'm going to be purchasing a multifamily a...
A topic I know little about is taxes. I believe I want to house hack, so what about taxes should I know? I would like to be having tenants paying my mortgage and I hopefully make a little profit on top of that. I stil...
Hi BP! I’m looking for some good links to video’s/ blog posts/ articles on how to master analyzing deals - specifically looking to house hack and owner occupy. When running numbers on properties I’ve seen things like ...
I own 3 rental properties and am doing a1031 exchange on one. What closing costs can i deduct from this exchange? I want to keep accumulating carry over losses but am having trouble finding information about this.
ev...
Did you know that less than ⅓ of companies that are eligible for R&D tax credits realize they qualify?
What is an R&D Tax Credit?
The research and development credit (also known as the research and experimen...