Alvin Uy
My first "High End" flip -- Looking for some input
So here's where I am with this.... A couple of weeks ago, a close personal friend reached out to me about an off-market property she picked up in Eagle Rock, Los Angeles. She is now on escrow using a loan to purchase...
Matt Lord
Taxes and depreciation question
I’m a newbie here. Been listening to tons of the BP podcasts and I read a bunch of books. But my mind is somewhat simple. I’m having some trouble understanding a few things. My wife works full time, I recently walked ...
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...
Rob Wilcox
Vacation Rental Tax Question
Two Questions...1. We are building a vacation rental in Montana. Cost of the build is about $550k. Not including the land costs. If we’ve spent $300k on the build in the 2019 calendar year, will we deduct that entire ...
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....
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...