Good evening all. We are Connecticut investors in the business of buying mulit-family residential properties (2-4), rehabbing and renting them or just simply flipping. I am curious, from a bank/lenders viewpoint, wha...
I am in the process of investing in a multi family syndication. The management team plans to do a cost segregation study (closing on property in 2022). My question is can I use the accelerates/ bonus depreciation agai...
Hello All, I am pretty much completely new to the 1031 field, but am asking this to get some ideas for a landlord that is looking to sell of 7 duplexes but is concerned over his potential tax liability. I want to buy ...
Situation: In 2022 I sold an 8 unit complex and did a 1031 into another 8 unit complex and I wasn't able to fully use my 1031 funds. I knew it wasn't ideal for this to happen but I was only willing to purchase a prope...
HiI’m looking for a tax advisor or strategist who is familiar with NC taxes (this is where we’re located) and can help us lower our W2 taxes.We have one long term rental and another property closing soon. So we’re try...
Hello, I'm looking at hiring my in laws for my LLC rental property business. Question is, how can I take the step and how do I do that? Also, do I really get tax benefits for hiring my family member. Can I do write of...
So I have been thinking about the new tax law and its implications on our fix & flip predominated real estate investment business. Much of the existing information from the pundits will tell you an LLC (taxed eith...
I currenntly have 5 properties and am needing to cut down on tax liabilities for this year. I have never done a cost seg for any properties up to this point and understand the fundamentals of the process. However, I w...
Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...
Hello all,
Has anyone sold a short term rental owned over a year as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation? Did the proceeds from the ...