Sean Williams
Owner Occupied but Have Renters LLC
So I currently own a home outright, No mortgage or anything. I live in one room and rent to two buddies who just pay me rent. Would there be any benefit of putting it into an LLC, and all three of us paying rent into ...
Jacob Munson
Questions about tax savings on rental condo in Encinitas
Hi all, had a few questions about my condo in Encinitas which I originally purchased for $430k and maximizing tax benefits when I turn it into a rental in the coming year.1) How do I figure out my adjusted cost basis ...
Desiree Board
Sole proprietor, LLC or Corporation?
Looking for some input...I'm working on educating myself more when it comes to various tax benefits and trying to decide what would be the best route for me moving forward. Ideally I would like to have at least 1 LTR,...
Geoff Prickett
Las Vegas Condotel: Syndication and Bonus Depreciation Questions
Questions for Real Estate CPAs and Attorneys (or genuine experts), preferably who know the Las Vegas Condotel market:Looking at my first investment property. Considering going in with other investors on a condotel uni...
Scott Roelofs
Cost Segregation: A Necessity for Every Real Estate Purchase
Most property owners have barely heard of cost segregation, and those who have think of cost segregation as a tax issue. Now forgive me for burying the lead, but for this specific article I will lay out a long-term be...
Michael P.
Joe Biden - Eliminate stepped up basis
Flipping channels, watched 5 minutes of JB’s first campaign rally. Says eliminate stepped up basis on capital gains to help lower cost of education.
Michael Episcope
Why Real Estate Investments Are Taxed Less
One aspect of real estate that people don’t always appreciate fully is the favorable tax treatment that real estate investors enjoy.Investors who care only about an investment’s returns miss the very real benefits of ...
Ondrej Brown
Using Roth IRA to buy property ?
Can you use your Roth IRA to buy your first rental property? I was curious, I been putting a lot of money into my Roth but also saving extra funds on the side for strictly Real Estate . Please comment below some strat...
Nickolas Wolfe
Cost Segregation - LTR to STR Property
Good day,Property background - home was a LTR for 2021 and 2022. In December of 2022, we started to convert it to a STR. In January of 2023, it became an STR. Big question - in my case, is a cost segregation study wor...
Jamie Brayton
Flipping with family & tax implications
My husband and I would like to do a flip and partner with my father. I'm looking for advice on how best to structure this. We'd like to split net profits 50/50 and I'd prefer if he can also get the tax benefits. Addi...