Hi all - new to the community and wanted to ask a question about the real estate depreciation / cost seg strategy and using resultant depreciation to offset W2 income. I understand this is a long-discussed topic but h...
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I need to understand what happens to the equity (for tax purposes) if I convert a single family home to a rental property. Would this convert at a current tax cost basis? For instance if I purchased a home for 125K ...
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So I have a property that we purchase in 2013 for $195k that we lived in until 2017 and then turned into a rental. We took out a HELOC and used that to purchase rental #2. Then earlier this year we refinanced it, paid...
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Hi all, I am still fairly fresh and new to BP....but have searched for this answer and have not found it yet. This question is for anyone that has been a syndicate investor. It seems most syndicates have plans for s...
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Hello,I would appreciate any insight on this subject. My math shows the ROI being the same for a cash purchase vs.a financed purchase. Is this correct? My examples here show the return is the same for both scenario...
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I have been using the term “24 month flip” for so long now, I believe I have coined the phrase. In fact, for the purposes of this post I’m more than happy to take ownership of it, because this is an investment strate...
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I’m a first time home buyer and looking for some advice. I purchased a condo in December 2020 (in DC) and currently live in my unit. I’m moving to NYC in mid May and will be renting out my DC condo around June 1st. I...
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Newbie here. Im fascinated with the depreciation aspect of real estate and I have a question.Lets say I own a few different non-real estate related businesses. And my earned income from those businesses equals about $...
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As a property manager, my responsibilities extend far beyond simply managing day-to-day operations; I'm also involve protecting the long-term value and profitability of my landlord's investments. Handling home warrant...
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Which option would you pick, and WHY?? Also, if you can think of Option C, you are a rock-star! :)So, condo is 2 BR, 2 BA in North Pacific Beach area in San Diego, CA. Great location, walkable to the beach. I bought w...