I'm a real estate agent in Georgia. In the last few weeks, I've had 2 potential buyers, both with steady income, denied mortgage financing due to them reporting business losses on their tax returns. After deducting lo...
Hello, I became a small-time real estate investor/landlord (more by brute market force than by choice). I have been browsing this forum for many months and have learned so much. However, I cannot find the answer anywh...
So I'm beginning my real estate journey, and I'm curious about something. I own a highly-profitable online business, and I often see people talking about "moving highly taxed business profits into real estate," and I'...
The laws haven't changed since 1997- and your personal home 'tax exemption' may be over the limits, due to years of appreciation in the real estate market. I found this excellent article this morning- folks in high-ap...
Hi Everyone,Would love some advice from those of you who have been in my shoes before. I'm new to this and cramming education quickly. Im a young corporate sales professional with a large income (which we all know mea...
I have got insurance quotes on several single family rentals and the insurance company is putting 3 times the market value for insurance rates on the cost to rebuild/ replacement value, how do I shop for reasonable in...
3 bed 2 bath 2 car detaced garage 1674sf
Listed as REO on 8/11/11 @ $64k
Reduced after 120 days @ $59k
Reduced after 365 days @ $45k
Comps in area selling between $42 - 88k
Offer...
So I understand the concept of depreciation - appreciating asset that degrades (“depreciates”) over 27.5 years so you get to take a loss on taxes. My question is: how is that depreciation number determined, specifical...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Hello BP Community! I’m planning to begin the construction of two units on my single family rental property that currently houses a tenant that’s been there for the last 6 years.
The two additional units will be det...