MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Hello,when I make the cashflow spreadsheet of almost any house (SFH, MF) around here (San Diego, California) I cannot manage to deduct enough taxes to cover rent. Am I doing something wrong?Most of the properties here...
Im trying to do a subject to deal in california. The owner has a rental property. He is 2 months behind on his payment, he has been renting it out for more than 4 years. He owes $300k on it and the area comps for $300...
This is a question that's been bubbling around recently.My thought is on this form, the majority would take the $1,000,000 to buy multiple homes or multi-family complexes in the hopes of doing better. Meanwhile, many...
Happy Holidays! As of today, the House and Senate have sent the GOP Tax Plan to the President to sign into law. I've seen numerous threads popping up about the GOP Tax Bill. I wanted to start a thread to consolidate q...
BiggerPockets is excited to introduce its newest book, The Book on Tax Strategies for the Savvy Real Estate Investor!Taxes! Boring and irritating, right?Perhaps. But if you want to succeed in real estate, your tax str...
Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...
Hi guys, I've been trying to understand the tax implications of different entity types. I've developed a really short, brief model of how an S-Corp would be taxed, provided that it is 100% comprised of rental properti...
I think that the market has been spiraling into recession well over the last three or four quarters. Technically, I believe we are in a recession now but the media is keeping it quiet. The holiday shopping,GDP decreas...