Daniel Kotowski
Basis for depreciation when moving a home I own to rental status
I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?
Timothy Sumpter
Hard Money Lender Xpress Loans 911
Has anyone ever worked with the hard money lender Xpress Loans 911?
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
I have bid & won more HUD homes for my investors than I can count, and I use a strategy that I have been hoarding all to myself for several years. A few of you may already have an inside track and are familiar wit...
Karen Young
Should I change my LLC taxation status to be taxed as S-corp?
Under the new tax law, is there a benefit to changing the tax status of my LLC? I was listening to a podcast when the speaker mentioned that some RE investors were changing the tax status of their LLC to be taxed as a...
Jodie Zach
Time frame on a batched status to when I will receive paper check
I am curious as to how long it takes to receive the check after your status reads "batched"? I received an email from my case handler today and she said it's approved, and to wait for the update on the web page. I app...
Sarah Gunn
Mistake on deed, wrong marital status. What can I do about it now
Recently bought a home. Since my husband had such bad credit, I only have myself on the application. They selected single on my title deed, and I did not correct it. I know I should have but I just wanted the whole th...
Pier Di Giorgio
Can a non-citizen spouse qualify as a real estate professional status REPs
Hello BP, I own several rental properties and I have a W2 medical sales job. I am recently married and my spouse is applying for a permanent resident status, she is currently on a tourist visa. Can we file next year ...
Phil Contreras
Can I Cost Segregate if I don't have the Real Estate Professional Status?
Hey all,I've been reading a bunch of books about cost segregation (tax free wealth by Tom Wheelright) and there is this one question that I can't find the answer too.Can I cost segregate my house for depreciation if I...
Mike Yerardi
Is it worth it to keep paying for the "REALTOR" status in Massachusetts?
Hi, I'm a Broker in MA with just one agent in the company (my admin). Mainly the Brokerage is for me just to sell the properties that we fix and flip and save the commission. We do about 20-25/yr so financially it mak...
Antonio Chelala
Exploring the Use of Form 8832 to Change Tax Status from Partnership to Corporation
Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it'...