I plan to acquire an STR property in West Africa. Will this property qualify for all the tax benefits of STR? What documentation will I need to provide to the IRS in the event there are any audits?
Hello, New to property rentals and wanted to figure out the finances as clearly as possible before embarking on this. My situation is that my rental income will be less than expenses (mortgage, insurance, property ta...
Hi,
I am trying to fully understand taxation of rental properties before I make my first purchase. The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (...
Hi all,
Was just wondering about wholesaling without an llc/scorp. Is it ok to just use your name, and for how many wholesale transactions? I want to use profits for income first but I know taxes can be a pain (I'd l...
Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...
Hello, I have a short term rental which has not generated positive cash flow yet and I have been managing it actively more than 100 hours this year and qualify as an active participant. I am not a licensed real estate...
Hey BP nation! Quick question as I wanted to see what everyone thought about these two choices.Would you…1.) Invest $100,000 worth of funds within your QRP/Solo 401k directly into real estate or private real estate de...
As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI. A Cost Segregation study is an IRS approved federal income tax tool that increases near te...
I'm currently in a single family house hack I am about to move out of. Can I do a cost segregation on a property I didn't purchase as an investment property but plan to use that way? Does it make sense to run a cost s...
Can the OZ benefit be applied to an investor that's just using cash to create the fund vs. rolling over/deferring capital gains tax from some other REI sale? I.e., cash from scratch in fund vs cash from REI proceeds.....