Roman Rytov
Any risk with segregating the cost for accelerated depreciation?
Purchased my first commercial (Industrial) building and planning to segregate the cost to accelerate depreciation. Considering engaging a 3rd party company with their engineer visiting the place. Any disadvantages wit...
Wagner Soares
Converting Contract for Deed to Mortgage
What would be the benefit for an investor to convert a contract for deed to a mortgage?
John L.
Addressing improvements when converting residence to rental
I'm looking to convert my primary residence to rental before the end of the year. There are some maintenance and improvements necessary to make suitable for rent. For example, I need to fix some gutters and downspout...
Rohnn Kostelecky
1031 exchange and irs form 8824
irs rules for a 1031 exchange are the most convoluted in the entire tax code, IMHO. Nobody "exchanges" a property and a mortgage for another property and mortgage, its usually always sell and buy or buy and sell. The ...
Henry Clark
LA Fires Taxes and Insurance
Folks this is meant as a beneficial post and not about good or bad positions. Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor. All situations are specific to indi...
Chris L.
Selling rental as teardown. Do I have to recapture deprecition
Hi there,I am selling my rental property as a teardown to a builder. The value is in the land. I was wondering , since it's being bought as a tear down, if I would still have to pay income taxes on the depreciation r...
Sean Dezoysa
Collecting payments WEEKLY (instead of monthly)
In the book "Mobile Home Wealth" the author makes a strong case for collecting payments weekly instead of monthly. You collect 13 months of rent per year (52 weeks vs 48) and are able to spot and react to trouble fast...
Erik Gladish
Would anyone take this deal?
Seller is the surviving decedant of a home that was in reverse mortgage. She is working on taking possession of the home with her own reverse mortgage and as a successor she can although she has not been paying or ab...
Nick Horob
My largest financial estimate "miss" over my first 4 deals.
In the last 18 months, my partner and I have bought 4 properties (24 units) in Fargo, ND or Moorhead, MN ("twin" cities). In my initial financial models, I was using 10% of gross rents as an estimate of ongoing maint...
Sam Ricochet
990-T UBIT for SDIRA with LLC
My first post out here. Learnt a lot from just search and reading through. Great place to learn!. Thanks!Here is my story:Me : SDIRA(IraServices) --> My LLC(EIN 1)Wife: SDIRA(IraServices) -->Wife LLC(EIN 2)Bough...