What is Cost Segregation?
A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental ...

I've been checking Miami, Fort Lauderdale area. I've realized the tax millage for properties are 19 to 22. Which means for properties that are worth $500k you'd be paying $10k property tax!I find this way too high. I ...

Hello BP Mates,Last October we acquired our first SFH rental property and now it is time to understand and execute a tax strategy that aligns with our goals and maximizes our ability to invest in the future. We are fi...

Hi Everyone,I have a question about LLCs... When my husband and I bought our first 4-unit building we created an LLC and pretty much sat on it for three years. When tax season came around, we reported our properties o...

Hello everyone, Every year I keep having problems and issues with the tax person I’m working with it every year I have to find a new one. I have even had situations where I had to amend my taxes because the tax person...

Began my goal of building low income housing due to shortage of acceptable units in our area. Will likely build and hold then refi out as they season. Good thing is they will have minimal maintenance for 5-6 years, u...

Alright BP and @Henry Clark. I could use some advice on how to lock this property down. I'll do my best to keep this succinct, but there are some topics that may need further explanation. Here's the scenario:
Motivat...

Although the tax reform bill is still in conference and hasn't been passed, and the final bill will require study in conjunction with a discussion with a real estate savvy CPA to understand its implications on my part...

Hey 1031 experts I have a scenario question for you.
Bought an apartment building with a construction loan of $565,000. The purchase was $375,000 and the rest was used for renovations.
My cost bases in the building ...

I am looking to build a duplex or triplex. I will be living in one of the units. I plan to use a fha loan to build if I can. Would I be able to put the property in my business name since I'll be living in one of the u...