Suppose I purchase a property for $200k. Is my depreciable base the entire $200k or do I have to back off the amount that is considered land?
If you are an owner, builder or developer of apartment buildings or residential homes, there is an opportunity to earn a tax credit of $2,000/unit or dwelling for energy efficiency. This credit is known as the 45L Tax...
Last year I lost one of my rental properties due to fire. I had the structure raised and removed and don't plan on re-building. I've been having litter issues with people dumping their trash and old furniture, etc a...
San Bernardino to file bankruptcy 3rd city in CA to file. Is this a trend?
here is the link:
http://news.terra.com/san-bernardino-becomes-third-california-city-seeking-bankruptcy,4ae2317579678310VgnVCM3000009acceb...
Very new to this and Bigger Pockets - have watched/listened to as much as possible - till cross eyed. Learned so much, thankful for BP! I'm too green to make this decision - it must be the right one. *Inherited fami...
I know there are still many real estate owners out there that are struggling from the effects of the COVID-19 Pandemic. Especially commercial property owners as many businesses make working from a home a more permanen...
99% of the respondents will select 1031 exchange. If you know me very well, you know I march to the beat of a different drummer. I also like to play the contrarian.If I decided to part with one of my 150 unit apartmen...
Would sitting down with a real estate CPA and tax advisor before beginning to build a portfolio be overkill? I've heard so many horror stories of investors getting the rug pulled from under them come tax time. What re...
Called my CPA and they mentioned that aside from tax write offs we can do a cost segregation study on one of my properties. What does this mean?
Hello Everyone. Hope all are well and prospering. I am inside of a situation that I mindfully created and I am wondering if anyone could help shed some light from a new perspective for me. I will lay this out as quick...