Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
Hi there. I purchased my first short-term rental two months ago and I put about $25k into renovations into it. I've never had a CPA before, but recently I've talked to two different CPA's about tax preparation for 202...
Check out how Slocomb was able to save money on taxes. Thank you, Theo Hicks for sharing this blog post with us.
Through cost segregation, you may be able to save thousands of dollars on your annual tax bill. If you ...
Hi everyone,My name is Darin Gordon, I am 21 years old and I live in Pennsylvania. I am currently a junior in college studying mechanical engineering. I also play on my college’s collegiate basketball team.As part of ...
Hey all,I bought a property in 2017 and just started understanding what cost segregation is. My question is, is it already too late to start conducting cost segregation on my home for the tax year 2023?Thank you.
Hello all,I am 23 years old looking to build long-term wealth from real estate. I have complete location mobility and can move to any city in U.S. My plan is to have an owner-occupied multi-family as my first investm...
Hey all, I'm often on here reading, and taking in a lot of terrific advice, but rarely on my own work. Currently in school, and put together a feasibility study for a property in Chicago. Would love to get some feedba...
Current Situation: My wife and I have been slowly getting into REI over the last 4 years. We currently have 5 SFH long-term rentals and a short term rental.Up until 2022 we both had W2 jobs, but we just had our first ...
I'm wondering which REI metric is best to use when comparing a Real Estate deal to the return on the Stock Market. In addition, how do I know if I'm receiving an appropriate risk premium for the extra risk I'm taking ...
In 2003 Redfin and other reporting groups announced that the single-person household became the dominant household. This means more people are living alone than at any other time.
Wow!
I remembered when I first le...