Sachin Amin
Tax benefits from Qualified opportunity zones
Hello tax expertsAny recommendations on how to avail tax benefits on capital gains, was researching and found out QOZs (qualified opportunity zones) there is a new tax law which allows capital gains to be invested in ...
Henry Clark
Self Storage Deal 11- Just what you asked for.
From a conversation I had with an individual looking to get into storage. Specifically RV/Boat storage.Recommend you check out Loopnet ????????? Storage. Look at the RV/Boat facility for sale $945,000 in ???????????? ...
Pablo Madrid
Section 121 exclusion rental to new construction primary home
I am buying a house next month with a rental on it primarily for the land value (urban Houston). There is a month to month tenant on the property which I will keep to offset holding costs while I design the home and I...
Peter Zoltowski
Philadelphia Tax Abatement Question
Four years ago I purchased a property in the Kensington neighborhood of Philadelphia for $20,000. The home had been well maintained but was (and still is) in a rough area. In my spare time I’ve removed dated wallpaper...
Nilesh Baxi
4684 after Residential Rental Building fire.
Client's building burned in fire. Residential rental property. Fire occured on 10/01/2020. Cost: $400,000Depreciaiton: $120,000 up to 09/30/2020Insurance paid $635,000. Assume no Salvage value.Insurance payment w...
Cody DeLong
Creative Financing for a paid off Probate
I received a call today from the executor of a will of a landlord I was friendly with. He put I had first dibs to buy his buildings and we're meeting next week. The buildings are 100% paid off and have been kept up ...
Mark S.
Calculating Cost Basis for Depreciation
Hi,I acquired a 5-family property in NH in 2016. As you all know, one of the primary benefits of real estate investing is the tax advantages from depreciation. The purchase price of the 5-family was $265,000; however,...
Stephanie Harley
What would you do-Asset advice
Hello,
Just discovered bigger pockets and excited about investing and looking for financial advice.
-purchased home 2016 $0 down 3.75%
-with mortgage plus monthly costs, it currently rents with a cash flow of $850 ...
Rhonda Osborne
Best strategy using residential property to set up rental
We currently live in a small double wide on several acres of land. We are planning on building a home, continue living in the double wide until our new home is built, then moving the double wide to another area of our...
Justin Norman
ADU Tax Advantages / Questions
Hello,
I am looking at building a primary residence with one of the large builders in my area. The Utah State Legislator passed a law last year overriding all HOA's allowing Primary Residences to have rentable ADU's...