Hello everyone,This is my first post and I am looking for insight and mistakes that you may have seen when paying properties with friends/group. Short back story. I have listen and read on BP before but never posted. ...
An accountant friend advised not to take the 27.5 years depreciation because when/should I sell the property, federal taxes will be due on the total amount depreciated and written off. What do you make of this?If you...
All,Need help understanding personal income tax benefits of SFR depreciation, would be great if you can comment:Lets say one is not a real estate professional then, AFAIU depreciation (straight line or cost segregatio...
If i want to build a huge investment portfolio,should i buy rentals under my name,company or trust for good tax benefits?
I remember hearing on the BP real estate podcast at some point Scott describing how selling an investment property after 5ish years and trading it in for a more expensive property was the right move financially. The ...
Hey All,Beautiful Day here in Ohio. Looking for a webinar or video to educate me on the benefits and drawbacks of carrying a note on my rental property for sale. Any links or insights appreciated.
If you are a CA resident searching about Asset Protection one option for your, if you qualify, is the Private Retirement Plan (PRP) which provides one of the highest levels of protection for your assets. PRPs are ide...
I have the option to refinance a 30-year fixed loan from 4.5% to 4.0%. The refinance cost is $6k. It’d save me $11k if I kept the loan a full 30-years. At this time, I have no idea if I’ll keep the loan that long. Sug...
Hey everyone,I have one multi-fam rental that I am planning to move out of my name and over to an LLC. Does anyone have some pros and cons to doing this? I know some of the pros, which is why I'm doing it, but I'm thi...
So I am currently working to close on my first Duplex and called for property insurance. The insurance company recommended that the renters get renters insurance, and that it should be on the lease. I'm not sure if th...