Cost segregation has been a very popular tax strategy for real estate owners as it can provide significant tax savings. A cost segregation study is a strategic tax planning tool that separates the assets that have a s...
Hey guys, I have a few rental properties and own an appliance repair company. I had a personal profile on here a while back and this site was very helpful when I was looking to learn and I got great advice and resourc...
Hello, I am looking for a HELOC on my 3-unit building in Chicago, IL. I live in the property. I was working with a local bank who specifically told me they could do 3-unit Owner Occ...only to find out weeks in that ...
Good afternoon, I had an appointment today with a motivated seller but we were way off on the price. The house is almost 2800 sq ft and is listed with the city and on the MLS as being a 4 bed/1.5 bath house. After mee...
Hi All. First off, please pardon my naivety, as I am a complete newbie. Though I've listened to and read several examples of those successfully implementing the BRRRR strategy, there is a key component that I still ...
Everyone talks about either developing or having systems. I am at a loss, what are some systems people have and how did you develop them?
I just finished a rehab of a duplex in Cleveland and moved in a tenant. The city shows up and sticks a notice to vacate because some previous tenant years before I bought the place claimed her kid got lead poisoning. ...
Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
A key component of my real estate strategy involved cost seg studies, claiming REPs and accelerated depreciation to shelter a large amount of active income. However, I've been speaking with a couple companies and gett...
List of Teaching - what you should know
New people ask all the time, "What now? and "How do I Do This . . ."and they Say, “I have Analysis Paralysis" and "I’m Just Getting into Real Estate" and "How Do I get Started"...