Marco Deleon
How does Tax Gain in a property works?
Hi there, I am trying to purchase a land for investment? But before doing it I would like to know the process of it. The land is empty but with easement for utilities. My plan is to buy the land, build a house and sal...
Mike Rugh
Best Entity for Flipping and "Rolling Capital"
Hello,My partners and I are trying to figure out the best entity for flipping and "rolling capital". What I mean by that is reinvesting profits with no or minimal disbursements. A LLC taxed as a S-Corp seems to be ide...
John Fairchild
Depreciation in KC for taxes
Hey guys, Looking to depreciate two properties on our taxes but our tax attorney can't find the building basis since the property tax is just "assessed value". What are you all using? Thanks!
Alex U.
High cost of Affordable housing
A new city heights affordable housing project has gone up at a cost of over $800k per unit. Another one below at $600k+ a unit. As the local governments struggle to manage tax payer money responsibly, they should re...
Bobby Kolev
Commercial lease below market price - pros and cons
Hi everyone, looking for your thoughts on a subject I am sure many small retail landlord are pondering one form or another.I consider allowing a tenant in on a month-to-month basis from April til December at 50% norma...
Jess White
What rental REI expenses can I deduct while still a W2 employee?
I am currently still a W2 employee while building my real estate business out of My question is this, what can I write off on my taxes while I am still a W2 employee and not considered a "Real Estate Profressional"? I...
Michael Clark
Question about taxes/ searching for a R.E friendly CPA to do my return
Hello all! I’m looking for a CPA to do my taxes that is knowledgeable about all things real estate. I’m a realtor and was asking my current accountant about depreciating my residential property and writing that off ag...
Justin Brin
What percentage is the structure worth vs land for depreciation?
What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...
Sandra Holt
Buying vs. Renting Commercial Real Estate
My husband and I own a law firm and pay way too much in rent so we are looking to buy something. As much as I'd like to buy an entire building, in my area that would cost $10M+ so we're looking at office condos. I w...
Carmen Ngai
Depreciation and tax liability
Hi Everyone,
I am just starting out and looking for a rental property. So, I have lots of questions, especially about depreciation. I'd like to evaluate how it affects the tax consequence when I sell it some day....