Gaurav Mehta
Opportunity Zone Tax deferral valid for State
If someone invests capital gains in an Opportunity Zone in 2019, holds the property for 7 years and does improvements, they only have to pay capital gain tax on 85% of capital gains invested.My question is does the ex...
Sujith C.
Rents vs increase in property taxes -Austin metro
Hi,With Williamson county appraisal for 2022, my rental property tax due increased by 35%!!! I already raised the rents by 16% last year and now this. Would you think rents will grow to catchup with property tax incre...
Anthony Contreras
Exchange into Diversified Assets
Hello, I am a STR investor looking for an agent that can help me with strategy and diversifying capital gains into a multitude of property ie. multi-family, storage facilities, RV/trailer parks, commercial retail &...
Samantha M.
Sub2 Inventory Question
Just a basic question here, but specifically when investing Sub2, are you looking at houses with a certain interest rate as a type of "inventory" so to speak. For example if you were looking to buy sub 2, homes bui...
Fabiola F.
My CPA & I are in a debate about how to categorize reno expenses
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
Chris Farinella
The Book on Estimating Rehab Costs by J Scott
About to start the second edition edited in, I believe, 2018. Does anyone have any thoughts on whether or not the content has become obsolete or remains relevant? I’m currently reading, listening, and learning and pla...
Charles Baker
Cost segregation - SFR acquired in 2021 followed by full reno
Scenario: We acquired an SFR in the Southern California mountains in 2021. Over the past 15 months we've been doing major renovations. Work is basically complete. First STR guest has booked for the last week of 2022...
Account Closed
Multiple 'de minimis' safe harbor elections?
Good Morning All! Two questions actually.First, is the 'de minimis' limit for an individual landlord $500 or $2,500? I read Amanda Han and Matthew MacFarland's book and understand (or interpret it anyways) that the li...
Allyssa McCleery
initial walk through inspection checklist
Hello all,I wanted to create this topic as a separate thread. This is in relation to developing a rough plan for a property during the first walkthrough.What specific areas of a home/building should one be on the look...
Joe Wood
Accelerated Depreciation on SFH
Hey guys,I understand that with a residential rental property, we are able to depreciate the house, not land for 27.5 years. My accountant told me that he would be able to accelerate the depreciation up front during t...