I am looking to do my first live in flip for a year. I'm a commercial banker now so usually only handle commercial transactions over $5M.
I'd like to get in a house at 5% down (conventional) and flip a house in a ye...
I have started reading about doing a cost seg analysis but am not 100% sure if I should do one or not. I just bought a new-build townhouse in Nov 2024 that included a washer, dryer, fridge, microwave, HVAC, etc. for $...
Hello all,I would like to get some thoughts on whether it is worthwhile to meet with an attorney to set up an LLC and the actually contracts/assignment contracts to make deals work.I tend to be a DIY’er but an skeptic...
We spoke to our accountant and he related that we will not be able to take advantage of depreciation for my LTR because the combined pensions are over 125k.
How can I “minimize”my income? I only have one LTR.
I need/want a pickup truck and was wondering if I would be able to write it off as an expense for the rental property. I own a 2 family and would use it mostly for work around the house. I would like to mention I li...
Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...
I've been hearing the hype about Cost Segregation for a while and I wasn't sure i was a candidate. Still not. My w2 income wont be over $100k for 2022, I will hopefully be considered a RE professional and i had 5 prop...
if I am currently on forbearance on my home will it affect me on a future investment property ? and is forbearance only on your main property
A year ago I purchased a lake lot with my Self-directed Roth IRA. I'd maybe like to buy that lot for myself. I know that I'm disqualified from purchasing from the IRA, but can the IRA sell it to a qualified purchaser,...