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The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.
Before you buy a cost seg, you need to know the rules:
Tax all starts with the types of income....
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Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
Hi BP,Looking to gain some knowledge of rehab and construction. I ordered J Scott's book on Estimating Rehab and hope to get some good nuggets there. But I wanted to get some advice from current flippers, especially t...
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Thank you BP world for this amazing resource. I have been soaking in all the wealth of information available here on BP.
I am looking at some potential rehab deals but my fear is my lack of Construction experience. W...
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Hi All,I am claiming RE professional in 2019. I'm active in managing all my rentals, my flips etc...However, I have a passive loss from a K1 issued by the syndication deal where I am set up a limited partnership. Ca...
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I work a W2 job and pay a lot of taxes. If I purchase an investment property with an LLC can I still take advantage of the STR bonus depreciation? or do I need to purchase in my personal name in order to take advant...
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We are new investors and looking to put an offer down on our first property in the next week as a STR. My question is for tax purposes, are we hurting ourselves in terms of the qualification of materially participati...
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Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
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Hi everyone,I just purchased my first fix-n-flip and am looking for some advice on saving $$$ and hassle.Scenario 1: Partner with a contractor (consists of 2 people) to save on building and split profits (split would...
Why would I want to hire a general contractor to oversee the whole rehab progress? Can someone tell me what’s the reason hiring a GC for rehab? Wouldn’t the GC work for the same company as contractors? Thank you for ...