The treasury dept and IRS just released the final set of regulations for the popular 100% bonus depreciation schedule. And great news for the Real Estate pros trying to avoid taxes... the “placed in service” date was ...
I got a call the other day from a cost segregation firm. He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. This is due to taking advantage of bonus depreciati...
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Hi All,I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and priva...
Hi BP Community,
I was hoping to get some feedback on the best ways I can utilize cost segregation for my taxes this year and if anyone has recommendations for a Real Estate Accountant in the Los Angeles area that ...
Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have. I am looking to pull out about $100k right now in order...
All five have renters in them and I'm house hacking in the 3 flat. I want to discover strategies to pay the loans off on these properties as quickly as possible. So would you flip homes until you pay off the loans o...
I'm in a tricky situation with my first deal.I closed on an investment property in Georgia and about 10 days later the lender is saying that the deal violates a Fannie Mae guideline in that the cash back at closing ex...
Good afternoon, I applied for loans at a lending institution about 1 year ago. They were unable to sell the loans due to an underwriter overlooking certain aspects of the loan. That underwriter was fired after they pr...
So quick back story, I started investing in 2016 (or was it 2015?) and things have gone well as it has for most people. I was able to quit my job in 2020. I should also mention that I have a partner for most of the pr...