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Attorney/title company needed to close transaction in three days The property is close to Corpus Christi Texas. The seller is adamant that they have to close by this Wednesday in order to meet some financial deadlines...
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Hi folks, As we know residential depreciation is 2.5% (cost of building/27.5) and commercial real estate depreciation is 3.6% (cost of building/39).Is it true that components(contents, landscaping, improvements etc.) ...
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For the RE investor just starting out, preparing their own taxes, or who has questions about Cost Segregation, Passive vs. Active income and loss, Deductions, Depreciation, etc..the recent BP Real Estate podcast #569 ...
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Hello BP Folks,
I am working on my first house hacking deal. I was able to find property in my price range, skip an FHA and do conventional with 5% (I thought it was going to be 3.5% but then they said 5% because its...
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Spring Is Real Estate’s ‘Rush Hour’ — Here’s How to Tell If You’re PreparedThe most popular time of year to buy a home is in the spring, and this means that if you’re preparing yourself for getting into the real estat...
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I'm dating myself but what the heck. I remember from years ago, that for a while Money Magazine did a yearly tax return test involving a hypothetical tax return and tax pros. Money Mag would ask a number of tax expe...
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Hi all, any recommendations for an accountant in Maryland who has worked with real estate rentals out of state?
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Can the operating agreement be drawn up before the LLC and bank account is created?
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I have 6 rental properties, all Single Family Homes. I was previously paying a tax professional around $800 to $900 to prepare my tax returns for my 6 properties as well as my personal. I am using a new tax profession...
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I have researched this topic extensively on Bigger Pockets and elsewhere and I am still struggling to understand the tax code.
I have a STR property that went into service in Jan 2022. I met the Material Participati...