Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like. I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appl...
Karen Tan
When can you take bonus depreciation?
Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...
Timothy M. Yslava
Wholesaling Conversion Ratios
I’m interested to know what your wholesaling conversion ratios are and what ratios are prototypical. This topic has been covered in other forums, but I feel that the actual ratios were hardly even talked about. I few ...
Bobby Paquette
The Shred Method, who is doing it?
Just recently heard about the shred method from someone who is doing it, is anyone else doing it?? What are your thoughts?
Julio Gonzalez
Cost Segregation Methodologies - Key Differences
If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS. These methods include:
Detailed E...
Julio Gonzalez
Cost Segregation Study Approaches Explained
If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS. These methods include:
Detailed E...
Joseph Barbaretta
Early tax question -- Do I deduct my expenses if...
So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
Joshua Lee Wegner
First possible deal tomorrow and have a few ? About closing costs
Hi BP!
Ok, so I have a property I think I can make a deal on tomorrow. I've had a few conversations with the owner and he's very motivated to sell. He and his wife (ex-wife now) bought this property a few years back...
Blanca Munoz
Single family home
Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method. I purchased the house for $145,000 and they were asking for $180,000. It appraised for $150,000. Renovations would cost a...
Mateus Fernandes
Help! How do I properly determine the value of this property?
Hi guys,I have a question about the value of a property. I understand that large multi-family properties (5+ units) are appraised differently from small multi-family. What about three duplexes (6 units) in the same st...