Cost Segregation has been a hot topic the past couple of years. But what is it exactly?
A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be d...

About how much would it cost to have a cost segregation on a townhome? I've see anywhere from $5,000 to $15,000. Who conductus the study?We just switched to a new CPA that assured us he has "several" clients with inve...

Hey BP fam,I love living in San Diego. Friends, family, surfing. BUT, as I've heard "Hate Taxes? Love Texas!"1.) Could I buy a house in Austin, rent out all of the rooms except my room, and change my residence to TX? ...

BP,I have a new idea that I would like to get some guidance on.  I am currently purchasing a group of single family homes in Western NY; the seller owns them in several LLCs.  I always own my properties in an LLC, but...

Suppose I buy a painting and use it in staging of a property that I am selling (that is, I am not the realtor selling, it's my property). Then it looks like the cost of the painting can be deducted as an expense for t...

I'm hopefully acquiring my first property very soon. Although the property will initially be in my name, I will be forming an LLC to manage the property, and opening a separate bank account for it. I will eventually t...

For the new investor who is managing just a few rental properties, what software would you recommend?

Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...

In my area I find a lot of 6-flats/6-plexes that do not have central air, despite the fact that it is a feature which is highly attractive for prospective tenants.
When I try to search the web, including BP, it seems ...

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