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"Creative" Way around Depreciation Luxury Auto Limit
If one has a preference for trucks or other large vehicles over the IRS weight limit you receive full benefit of depreciation (up to business use).Currently the code limits business car deprecation to basically a Hond...
Tamir Cohen
Financing a deal advanteges for US residents
Hi all,Real Estate investor from Israel.Exploring the financing options for flipping. Wondering what are the benefits of a US resident vs un-resident (loans etc. )Thanks,Tamir
Brian Garrett
Is this legal in South Florida?
An investor here on BP messaged me about his business model and it piqued my interest about the legalities.He's renting places and then turning them into Airbnb to cover the monthly rent and then pocketing the profits...
Stephanie Swanson
What are the essentials for someone just starting out?
Hi everyone,
What are the essentials for someone just starting out? I have a general idea, but would like feedback in case I overlooked something crucial.
Thank you!
Stephanie
Christopher Blanco
Is Quickbooks Online Essentials Worth It?
I am setting up my small business. I plan on purchasing a flip this year, and completing 4-6 more next year, then graduating to 2 a month with some rentals sprinkled in for good measure. My question is QB essentials w...
Andrew Nguyen
Do you leverage your money using hard money? Why or Why not?
Hello Everyone!I've been running into a good amount of investors lately at the office who have told me that they don't use hard money lending and don't want to give it a try. I understand using cash for a transaction ...
Mario Morales
Question: Cash-Out Refinance vs. Selling Property: Which is More Cost-Effective?
I'm considering two options for my property and would appreciate some advice:
Cash-Out Refinance and Then Sell: Cash-out refinance to access some of the equity, then sell the property to get the remaining equity.Sell...
Kasey Hardt
Does Premium include Pro benefits?
Hello all! I have looked at a few FAQs and forums but dont see a direct answer to my question. If you are an investor and also a realtor and sign up for BP Premium (essentially the lead capture system) do you also g...
Reaz H.
Cost segregation strategy for LTR/STR mixed use MFH
I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income. I am exploring the acquisition of a property that is a SFH but has a couple of ADUs in the same lot. Now ideally I could STR all...
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Must Know Real Estate Tax Saving Strategies for Investors
Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...