Walt B Philip
Rental Tax Question - taxes on cash flow
Just getting started with rental property investing and I’m wondering if the cash flow generated above and beyond all expenses (PITI etc) is taxable as income in NJ. Numbers to illustrate the question: PITI is $3000/...
Margaret Feit
Depreciation Recapture upon Sale that includes Personal Property
Hi All, I'm trying to wrap my head around planning for capital gains and depreciation recapture if I start to sell some appreciated property within the next few years. I'm also trying to determine whether to take acce...
Roy Mitle
confused about depreciation
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
Alex Farah
First Time Flipper.. Looking for tips! (tax tips especially!)
Hello all! I am new to the forum and have been reading/following as much as I can! I currently have a couple of rental properties and I recently just closed on a foreclosure that I have the full intent on flipping. Th...
Kyle Porter
For property owners - Cost Segregation Studies get you money back.
Hey y'all! I've been diving into the world of cost segregation studies and its pretty neat. TLDR - it accelerates depreciation and you greatly reduce the amount of taxes you owe. Let me know if you have experience wit...
AJ Smith
PML > CDs All Day Long
12% APY for our Private Lender on this deal.
100% passively.
We borrowed the funds, we fixed the property
We sell it when it's beautified.
I love thinking about it.
Instead of sitting in a CD at 5% int...
Joseph Martin
Cost Segregation for SFRs and rentals
Does anyone do cost segregation for SFRs and rental properties? I’m trying to learn how to do this, especially since I’m in the 37% tax bracket. Any advice and direction is greatly appreciated! Thanks!
Daniel C.
Better way then cashing out 401k?
At first read, I’m sure the amount of reasons not to cash out my 401k will be many, but I want to give context and see what you guys think.
I have about 250k in a past employers 401k. My options with it are to cash ou...
Pablo Madrid
de minimis safe harbor expense or bonus depreciation, tax on sale
I have some expenses which could go either way on de minimis safe harbor or to capitalize and depreciate to deduct. Assume i bought a rental house for $100,000 on Jan 1. Land is worth $10,000 so depreciation is $3,272...
Luke J Nelsen
Is a 23% Effective Tax Rate Too High?
Hey BP Fam,
I just got off the phone with my CPA and it sound like me and my wife's effective tax rate will be upwards of 23%!! When I first started in real estate last, everyone made it sound like an incredible tax ...