Vincent Sottile
What do you do for health insurance? FIRE / Quitting your W2 9-5
I'm sure there are articles on this if you want to link them, but I was wondering what the options are. As someone who is considering going full FIRE / quitting my job and doing what is enjoyable, how do people get by...
Tyler McDaniel
Need Tax/CPA Help! [Investor Money]
Hey Everyone,So I have a few private money investors that want to be part of my deals. We are going to structure the deal where they loan the money and get interest until the sale or refinance.We want to hold the mon...
Grace P.
BRRRR method and Capital improvement depreciation
If you do the BRRRR method, most of the rehabbing is considered capital improvements that would have to be depreciated instead of deducted. Is there any way around this?
Account Closed
Rolling over profits in one property to avoid tax
I'm under contract on an existing single family in Billings, Montana. I already own an existing multiplex here in Billings (and apparently that property is like finding unicorn farts). My question is, if I wanted to f...
Jinesh Patel
Tax advise for high earner w2 couple.
Hello,Me and my wife both work fulltime on w2. we are planning to start investing in the real-estate this year. I am not sure how I can take advantage of the rental losses here. As I went to one of the tax classes an...
Armando Carrera
Will I need to pay capital gains?
Hi everyone,Wife and I purchased a vacant lot with the plans to build. We decided to go a different route. we purchased in may of 2022 for $80k. We invested another $20k for improvements, draftsman fees, permits etc. ...
Luke Robins
Hurricane Insurance Claims
I had some storm damage from hurricane Irma at a property, really just a bunch of shingles broken. I've heard it's rarely a good idea to file a claim against insurance because it can raise rates or cause insurance com...
Alan Grobmeier
BRRR & IRS Tracing Rules
Has anyone run into irs tracing rules when doing a Brrr or cashout refi on a rental?Here is a link:https://borelassociates.com/wp...ThxAlan
Connor Mather
Homeowners Insurance in NC
I am hoping someone can provide me with some examples regarding what kind of insurance coverage and business protection (specifically structure LLC, S-corp, C-Corp) I should have for my two townhome rental properties ...
Paul C.
Interest deduction for line of credit
Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...