Jeremy England
Reducing tax liability with f/t work and one rental property
Good morning all, so I recently did my taxes. I used Turbo tax deluxe. Anyway, it was a good year money wise. Better than usual obviously because we owe the IRS about 2800 dollars. I have 1 rental property and bel...
Krista Roodzant
How to factor in the depreciation and losses into your ROI
Maybe this has been posted before, but I'm not finding it. After speaking with our accountant, it seems like we need to be accumulating a portfolio to help offset the W-2 earnings. How do you calculate the depreciati...
Nelson Luciano
Question regarding FHA Loan.
Hello Bigger Pockets!is it possible for me to get an FHA Loan if I already have a conventional home on an investment property?I put 20% down on my first property but I still don't own a home as a first time home buyer...
Julio Gonzalez
Historic Tax Credits Can Increase Your ROI
Preserving historic buildings plays a big part in the cultural and architectural heritage of communities. The government encourages property developers and owners to invest in these types of projects by offering numer...
Natalia Comas
Taxes profit mortgage
Hello, I hope somebody can help me or guide me to find help. I tryed asking accountants but nobody was able to help me.I have a business where i can play with my income and also rental properties.I do like to show nic...
Christian Garcia
Credit
If i start building credit now, will the bank loan me a much higher amount than what i ask for ?
Dana Powell
Is this quote for a no-doc jumbo 30-yr fixed loan competitive?
Hi All. Newbie here and would like some advice. I have 2 rental properties both on 1-year ARMs at 5.25% amortized over 25 yrs that I need to refinance. My credit score ranges from 650-705. Property 1 $1.7 million va...
Cindy Tang
Can Depreciation be adjusted if it's not limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Aviv Peretz
S corp as a general contractor & LLC as investor
Hello , I'm a general contractor in Los Angeles (S corp) and also own 3 properties in an investments company (LLC). My S corp make much more $ than the LLC. What I need to do in order to buy properties from the S corp...
Account Closed
Recs for ADU designers & builders in San Diego
Hi there - I bought a SFH in Oceanside (1700 sq feet on a ~7000 sq ft lot) recently and am planning to build an attached JADU (garage conversion + possible extension) & then later an attached or detached, larger A...