James Likis
Tradeoffs: amending taxes with cost segregation & bonus depreciation
When filing our 2022 taxes, our CPA did not mention or encourage us to do a cost segregation study to capture bonus depreciation on the two properties my wife and I acquired in 2022. Our goal is to invest aggressively...
Joe D.
Personal residence sale tax question
I did a search to see if I could find anything on this but no luck. I am about to put my personal residence up for sale within the next month. At the moment I haven't done any investment deals so I don't have any expe...
Nick Brubaker
Refinance my rental?
Hello all,
I am trying to decide if I should jump on the historically low rates currently and refinance my SFH rental. I put financing on it last year (15-year fixed) at a 4.375% interest rate. The rate I currently...
Jeremy Janszen
Short term rentals and non-passive income tax classification
Hi all - I know this topic has been hit on a few times but I wanted to ask my question in a very specific manner to get collective expert feedback. I understand I should consult my CPA, and I will. They are, however...
Stephen Janes
Ground Level Dwellings in Costal Flood Zone
I have been searching for a house hack & STR in Galveston Texas for a few months now. Most houses on the island are raised a few feet on piers to reduce the chance of flooding. However, some houses convert the are...
Eddie Lawal
Help with a rental property decision making!
I am new to REI and still in the early phase of learning (reading books, podcasts etc). I used to live in my rental property for 4yrs before I started renting it out. At the time, I wasn't thinking about REI as a busi...
Nadiya Lonkevych
Could negative cash flow be deducted?
Hi everyone,I am about to become an investor renting out the condo I currently live in (Columbia/Ellicott City, MD area) and purchasing another house for my family. The condo was purchased in 2006 at it's highest ever...
Noel Manuel
New to BP - Austin Area
Hi Everyone!My name is Noel and I'm a completely new to REI. I've been consuming at least a podcast a day and lurking on the forums for the last month. I'm ready to start seriously analyzing deals and building a team!...
Jonathan Mahan
Payoff fast vs. Accumulate fast rental property strategy. Help!
Hey real estate gurus,I've got a math problem I could use some feedback on. Struggling between two plans. Please let me know what you think, and if there's a third option I'm missing, I'm all ears.Current plan: Purcha...
Julio Gonzalez
Green Energy Tax Credits for Homeowners
Did you know that as a homeowner, you are able to take advantage of green energy tax credits? These tax incentives can help offset making energy efficient upgrades to your home. There are two tax credits that are avai...