What’s the difference when it comes to taxes? What can you write off as a “Professional” that you can’t as a Non Professional. I’m referring to the IRS terms for investors and the differentiations.
Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000. I'm hopeful a CPA on here or more experience...
Is there an alternative to doing a irs 1031Exchange. Rolling to a alternative temporary. If replacing property can not be accomplished in time?
Hello Everyone!I am just starting out in real estate (in the Washington DC Metro area) and was referred to Bigger Pockets by a friend who said that it was a great way to learn about investing. I have already purchase...
I own 15 individual units and most have a line of credit. I have been using the lines for the down payment on any new properties I purchase. The lines are variable at 5 to 6%. To service the debt on the lines to buy a...
If a Cost Segregation Study had not been performed on this $1,300,000 small office space located in Kentucky, it would have had first year depreciation of approximately $32,723. Thanks to the Cost Segregation Study,...
If a Cost Segregation Study had not been performed on this $883,000 apartment complex located in Vista, California purchased in 2021, it would have had first year depreciation of approximately $32,700. Thanks to t...
If a Cost Segregation Study had not been performed on this $60,000,000 multi-family property located in Murray, UT, it would have had first year depreciation of approximately $1,963,636. Thanks to the Cost Segregati...
A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900. The property is 2 stories and 1,875 square feet and was constructed in 2024. The house in...
Hi All, I am new to multi-family investing, is it advisable to do the first deal on a LIHTC (Low Income Housing Tax Credits) apartment complex? What are the pros and cons? Do we need to pay fewer property taxes if we...