Ryan Lowe
Tax Strategies for High Income Professional
Hi - I am a new investor starting to invest in long term rental properties. I am a high income W-2 earner based in NYC. What tax strategies do folks recommend? This will be a passive investment.
Daniel Rines
Filing repairs for rental property
I'm hoping someone can give me some insight to this rather individualized question. I own a 2 story duplex and rent the 1st floor and live on the second floor. In 2017 I built a laundry room with hook-ups for both m...
Melissa Koon
No Itemized Invoice De Minimis Safe Harbor
I have a rental home and had the HVAC and water heater replaced last year. The furnace stopped working and was in need of costly repairs that would likely only prolong a replacement. Since they were already replacing ...
Cody Barrett
Having some fun...
Hey BP!I enjoy learning about how to value and make offers on apartment buildings and I am trying to implement some new things I've read about.I drove past an awesome looking apartment building on the Northside of Rac...
Christopher Smith
Roof Betterment, Restoration or Expense
Sorry this is a long one:Contemplating doing a new simple Shingle overlay on a rental property roof. In other words, not doing a tear off of the old Shingles just laying a new layer over the old. I have a guy who has ...
Will Bradshaw
Historic tax credit leveraged investment
Investment Info:
Other other investment.
Purchase price: $749,000
Cash invested: $6,300,000
This building was a former industrial laundry along an old rail-line that was converted to a linear park. W...
Jon Begley
Multifamily Depreciation Question - 27.5 or 39 Years?
I have a 10 unit apartment building that is considered a commercial property by the bank, but does the IRS still consider this a residential property? I was reading this article Real Estate Depreciation: A Deeper Look...
Christopher Persaud
South Bronx New Construction Multifamily
Hi,I just put under contract a property in the Bronx, near St. Barnabas Hospital. House is on a 25x100 land and according to architects, I can build up to 8 units, all 1 bedroom. Now I just want to make sure the math ...
Jon Ankenbauer
Best Way To Transfer Land From a Family Member
My wife and I are looking to purchase a piece of vacant land from her parents. My in-laws own the property free and clear and it is part of 3 contiguous lots that they own (they live on 1 lot and there is another lot...
Ginger P.
CPA Question on exit strategy
Hello,I've been searching for the answer to this question, but can't seem to find a solid answer - looking for a CPA who knows.I purchased a SFH in 2014 with the intent to rent it out (which I have) and eventually tea...