Shyd Coloma
Mix Use Duplex as STR and LTR for Tax Filing
Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income? I recently had an email exchange with my CPA regard...
Jimmy Bell
Can someone please explain
First, depreciation is a short-term benefit. It puts extra money in your pocket every year while you own the property. But, when a property is sold, previous depreciation deductions taken from the property will have...
Aj Fortson
Preparing To Become A Rental Property Investor
Hello Everyone! I am a 17 Year old that is very determined to learn how be a rental property investor and had some questions. I finish most of my requirements to be able to graduate at the end of this semester but I j...
Jaco Braja
Understanding Tax depreciation
Hello guys, I am new to investing.I keep hearing about tax depreciation, but I don’t understand exactly how that works.Can someone explain that please or give an example.Appreciate it!
Wills Manning
Looking to buy first commercial building
I am looking at buying my shop (It is a building and a barn on a .4 acre property with a fence surrounding). I am one of the 3 renters (I have a landscaping business). Total rents are 2050, taxes are roughly 3300, an...
Steve R.
NJ Multifamily-Broker says 2 family Tax records show 3 family
Hello,
I'm looking at a property in NJ and the broker is telling me it's a 2 family
but I check the tax records thru the city and they have it listed as a 3 family.
I'm assuming the city and tax r...
Ronnie Sparrow
Need some direction to evaluate 3 lots
Got a lead on three lots today. These are in a residential neighborhood average year built is 1981. Average price / Sqft is $52.00. Neighborhood tax appraisal is $142,200 to $220,200. Although there are sales in...
Matthew Ford
IRS Tax Lien vs Property Tax Liens
It seems that IRS liens can be negotiated down but how would one do this? Property Taxes just have to be paid and that is fairly direct but getting a lien released from the IRS is seeming much more difficult does any ...
Ethan Henning
Old downtown buildings
Hello BP,
I am interested in getting information on getting a loan for a building type that I am not very familiar with. I am putting a restaurant in a smaller town in Georgia and it makes more sense to purchase one ...
Kareem Lyons
Will Taxes Stop Flipping In The Future ?
So I've been doing research on different forms of real estate investment. I came across this article and it explains why flipping will die off. For you seasoned investors how true is this article ?. I have plans to fl...