Champ Leong
How to reduce capital gains
CPA'S? : I'm looking at approximately $5,500 in capital gains tax from the sale of my house. How can I reinvest the $5,500 into an investment property and legally have ZERO in taxes to pay? TIA!
Wilson Lee
First 5+ unit deal with a partner. Do I have this right?
Project: Mobile Home ParkWith the click-bate title aside, I found a small mobile home park that seems profitable as is. Also, there is some value add upside. It seems like we can refinance and get a large chu...
Wilson Lee
Mobile home park for free?
Project: Mobile Home ParkWith the click-bate title aside, I found a small mobile home park that seems profitable as is. Also, there is some value add upside. It seems like we can refinance and get a large chunk of ...
Felicia West
Help with understanding appreciate
Hi there! I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate. My main question is regarding depreciation. My husband and I are high wage earners, so from what I...
Greg Junge
Partnership/Tax Question - Needs to show a loss
I'm trying to figure out the following scenario but need your help. A relative of mine wants to invest 100k in real estate, only if it will show as a loss on his taxes. He's not a real estate investor but has cash t...
Roman Rytov
Any risk with segregating the cost for accelerated depreciation?
Purchased my first commercial (Industrial) building and planning to segregate the cost to accelerate depreciation. Considering engaging a 3rd party company with their engineer visiting the place. Any disadvantages wit...
Chris C.
Should I Fire my accountant?
My question is should I fire my Accountant and look for another?I'm a newbie and in Jan 2020 I bought my first buy and Hold property. It was a Brrrr. It was in very bad shape but I got a good deal. All in for a to...
Zach Johnson
Selling a SFH Househack and the 2-Out-Of-5 Year Rule
Greetings all,As you know, the 2-Out-Of-5 year rule says: you must have lived in your home for a minimum of two out of the last five years before the date of sale in order to take an exclusion from capital gains upon ...
Nabeel Qureshi
Moving out, should I turn my primary residence into a rental?
3 BR/2.5 BA condo. The cap rate and cash on cash return I am calculating is negative. Using a vacancy of 8.3%. My loan to value is 73%. I am being very conservative with my numbers (thinking of difficult scenarios)...
Edward Adams
Roof Replacement Depreciation
Hii just changed the roof on one of my rental properties. it cost 18K and insurance paid for it and i only paid 1.5K for deductible. do i just depreciate the 1.5K on my tax return or 18K?