I'm looking to buy my first investment property soon. I want to utilize the benefit of low $ down on your first FHA loan to buy a place locally and house hack. The problem is I live in Washington, DC and the numbers h...
Hey everyone,
I’m almost 30 years old and paralyzed from the neck down, living in New Hampshire. I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits. However...
I recently finished construction on an 8 unit apartment building and it contains a mixture of 5, 15, & 27.5 year property. My question is, I have invoices for what those specific items cost so do I still have to h...
Hi All,I am curious if any of you have thoughts on the benefits/drawbacks of becoming a licensed broker as an investor. Is there anything to lose from doing this? Seems like a good way to learn about the industry and ...
Let’s look at the great tax advantages of investing in multifamily real estate. These benefits fall into five main categories – Depreciation, Cost-Segregation, Passive Income Tax Treatment, 1031 Like-Kind Exchanges, a...
How do you calculate cost segregation tax benefit per investor based on dollar amount invested in a multifamily syndication? For example, if the total tax benefit from the cost segregation is $2m , total capital raise...
PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...
I currently own 3 properties (all in my name) and would like to know the benefits of starting a corporation.
I also want to make sure I'm getting all the tax benefits possible. Any accountant or bookkeeper anyone wo...
Good morning everyone!When I was getting out of the military, I had to take a week long course that showed what benefits were out there for Veterans. One of those benefits was owning a Small Business, and the VA being...
Hello Tax team, Here is the scenario and I want to understand how the cost elements needs to be treated from taxing aspect?I purchased a property to flip in 2022. The property was ready for a sale in 2023 but could no...