Hi all - new to the community and wanted to ask a question about the real estate depreciation / cost seg strategy and using resultant depreciation to offset W2 income. I understand this is a long-discussed topic but h...
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Hi, would love everyone's opinion. I own 7 multi-fam rental properties that have an aggregate value of ~$4mm. Current debt against them is ~$2.8mm via individual recourse investment property mortgages. Because these a...
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Hi, would love everyone's opinion. I own 7 multi-fam rental properties that have an aggregate value of ~$4mm. Current debt against them is ~$2.8mm via individual recourse investment property mortgages. Because these a...
I own many SFH rentals and when preparing my 2020 taxes, learned about the 20% qualified business income (QBI) deduction. Yay! I think I need to use the aggregated business safe harbor in order to meet all requirement...
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Hi guys, so after I deeded a rental house into an LLC, lets say the LLC's name is "ABC LLC " .... So now the insurance should be in the LLC's name?
On the insurance policy it should say that the insured is "ABC LLC"...
We are looking to start an LLC as a genuine construction company and would also like to use the company to purchase timber land. The thought is that the LLC would be used to cover the operating costs and as a tax she...
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Good evening! I hope you all are enjoying your Memorial Day. The situation: my mother-in-law owns a condo with her sisters and they are looking to pass the ownership on to my wife, her brother, and my wife's cousins....
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Despite the seemingly abundant headlines about institutions diving head first into the single family housing market, they only control only 2% – 3% of single family rentals. The majority of rentals are owned by small ...
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I purchased one fourplex in CA last year with one partner. Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost. Per lender's requirement, the title is hel...
Adversity tends to breed ingenuity and genius. More often than not, smart and capable individuals will find a way to use their hardships as fuel to build something better. This is exactly what house flipping, wholesal...