I bought and furnished a new rental property in 2019. I did use bonus depreciation for the cost of furniture, but I lumped the property improvements (mainly new hvac, water heater, windows) in with the building and ...
Hey all. I went on my local county's official record website to see what kind of buyer leads I could come up with. I first used Zillow to see which subdivisions were actively selling properties at steep discounts. ...
We own several rental properties with excellent ROI. These props are all under our personal name. Our combined taxable income was more than what the government considers as way above the threshold, therefore, we cann...
I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP. Turbotax is allowing the losses from the K-1 to offs...
After having a consultation with a company that sets up LLCs, I'm now questioning if I truly have the right LLC formation for the purpose of my business. For context, I created one LLC to run a mix of STR and MTR prop...
Hello everyone!
My wife and I are based in Hinesville, GA, near the Savannah area and we're excited to be joining BP. We've been studying real estate for the past 3 months, and we're eager to connect with fellow inve...
At what scale does it make sense to start exploring a cost segregation study? Does the cost of the study scale with the size of the investment? Who does these (not looking for specific companies), is it accountants,...
Hey guys, I had just purchased a 3- family rental property in April of this last year (2017) it was already occupied so I inherited 2/3 tenants. I just filled the last unit in December due to the fact I wanted to remo...
Hello everyone, I have a question in what sort of activities that can qualify me as a real estate professional.
I have a few rental properties and my rental income is my only income. I only spend about 2-3 hours p...
Im reaching out to all the real estate tax attorneys lawyers CPA etc.
I want to start by saying that I have contacted both tax attorneys and CPAs in my local area and have not made much progress after those meetings,...