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I reached out to my accountant about doing a cost segregation study in order to utilized the accelerated depreciation, and he said that it’s usually very cost prohibitive and is hard to justify unless you have a very ...
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A few questions...........To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a ...
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so I'm trying to understand the different types of refinancing and what would be best in my position. Here's the lowdown: I bought a 4 unit for 500k as owner occupied FHA 3.5% down and my current principal is 480k. As...
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I am happy to say my first BRRRR is officially completed. We purchased a property November 2016, thought was going to take 3 months to renovate, ended up taking a year, got rented right away and then nothing for 7 mo...
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I currently have four doors that I have bought with a variety of methods, BRRR, hard money, seller financing, construction loan. I have come up with the down payment for each of these and I am completely tapped. (HELO...
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I currently have $130k in equity in my first family home. It's a 3 bed and 1.5 bath about 2k sqft we bought 6 years ago. I am making a family room (addition on the back of the home with its own separate basement) int...
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I've had a cash offer accepted on a duplex. The inspection turned up some issues that I'd really like the seller to fix, but they are not willing to, and instead offered a price reduction. However, I will likely be ...
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Super noob...just wondering if there was a quicker way to inspect a property. It seems to take me hours to look at a property, because I have to count everything that needs replacement. I hate taking realtors time.....
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BP,I am trying to finance a 4-unit deal using a money partner who will provide the down payment and closing costs for the purchase in return for 50% of the cash flow and 50% of the equity. I will secure the financing...
Hello, my husband and I need some help. I have study so much real estate i feel so lost. I'm losing hope in ever moving out of his parents house even more so after both our only cars broke down at the same time. I hav...