Justin Cummings
BRRRR exit strategy or next steps?
Does anybody have an exit strategy for BRRRR setups?In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all ...
Cindy Tang
Can Depreciation be adjusted if it's limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Rashid Khalil
tax advantage with STR
if I take bonus depreciation on STR against my w2 income to reduce tax burden, can the property later be rented as long term in future years?
Ron Read
Checkbook IRA for first Buy and Hold?
So after probably too much research, I'm looking to take a leap into some buy and hold or perhaps BRRR investing, but I'm short on savings, while long on IRA assets. Rather than wait any longer, I've decided to use m...
Brett Deroche
Capital Investment Vs Loan for New LLC
Already established a multi-member LLC with my business partner to purchase our first BRRR. We plan on funding the first deal ourselves. What's the best way to put money into the LLC to reduce tax liability?
Jacob Song
Worried about taxes when investing in Multi family apartments
Hello, I am a newbie to Real Estate business and have many questions. Before I was getting all excited about real estate investing, my mom was saying you will be paying lots of taxes if you don't live in it. My mom ha...
John Buchanan
house hack Duplex, how to handle improvements on my side
I recently bought a duplex that Im house hacking, living in one of the units. its a fixer upper and both units need considerable work. at some point in the future, I'll move out and rent the unit Im living in. ive s...
Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Ali Qudsi
Minimizing tax paid on money recieved to buy a house?
Hi Guys, I was hoping someone might guide me in the right direction. To make a long story short a relative has given me and my wife a large sum of money as a gift and we want to use this to purchase our first Condo/ho...
Austin Montgomery
Private Mortgage Note: Income or Capital Gains?
I am currently working on a commercial deal and will be purchasing the property with a private loan from some local investors. They will hold a mortgage on the property, which will be amortized over 20 years, with a 5...