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What are the pros of putting a property in a llc vs just getting a 1-2 million dollar umbrella policy to protect yourself?
I’m refinancing my home that I currently live in into a conventional loan. Once I buy another...
Situation:1- W2 employee making $230000-$300000 a year. 2- owned 2 properties under personal name, 1 in LLCWhat are the best way to get tax benefits ?Renovated a house-hacked but because of the income, we could not de...
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
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If I make a private loan to a house flipper and is backed by both a deed of trust and a promissory note will I get any tax benefits on the loan or intrest I receive.Thanks, George
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Hi BP community . My grandparents have lived in a 2 - unit duplex in Cambridge MA for 53 years. They purchased their home for $35k - the value has sky rocketed in the past 15 years. They are looking to move out of th...
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Hi all,
I am getting conflicting opinions on whether to set up an LLC when starting to invest in RE. I greatly appreciate the feedback.
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My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.
But, we have multiple rental properties owned by our LLC and w...
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I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
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Hello BP,Question about cost segregation. I understand in general the Benefit of doing a study. My questions are the following..Is there a down side to waiting? I was told you should do a cost seg in first year of ow...
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I bought a home on Cape Cod that is rented out half the year and occupied by me the other half. Am I entitled to the tax benefits of bonus depreciation?