There is currently a 30% tax credit on residential solar projects. This means you can get around $10-$30k back depending on the system size if you pre-pay your taxes. Figured I'd drop this here for those looking for c...
So, I have my first property under contract. I'm excited about it because it offers good potential as either a flip or a rental. In deciding between the two options I'm wondering:Which strategy has more tax advantag...
I noticed a pattern when paying my taxes the last two years and it seems like I’m paying state income tax in two states from long term capital gains of stock sales.I live in CA (since 2013) and have a rental property ...
Hi BP community! I'm a new real estate investor about to close on my first househack (duplex near Riverside, CA). I had a few questions regarding CPAs focused on REI:
At what point in your REI career did you find a C...
Investment Info:
Single-family residence buy & hold investment in St. Louis.
Purchase price: $153,000
Cash invested: $150,000
This project took about 20 months to complete. It was a full gut of ...
I was wondering if I would be eligible for the $8000 tax credit if I:
1) purchase a condo now
Year #1: Live in the condo for one-year
Year #2: Rent the condo to someone else for one-year, while I finish Ph.D. work i...
Hi BP community,
I am interested in purchasing a fire damaged row house in Jersey City, NJ. The building is a historic brownstone located in a very desirable neighborhood. This would be my first investment, t...
I'm wondering what effect if any buying solar panels would have on the home?
Let me know if you have had any experience with this.
I bought a condo for personal residence 5 years ago. It has dropped in value as most have seen in that time. My wife and I are now looking to buy a larger home. We are able to qualify for both mortgages, so we are ...
Hello all,I've put solar panels with a backup battery on my primary home within the last year. To finance the system I went through a 3rd party which provided a 25 year loan with a 2.99% interest rate (not bad). Payme...