Rahul Gupta
Flip income to be invested in Rental property
I asked a question about investing 100% of the profits from the Flips in rental properties. I may not have asked the correct questions at the time so I am attempting to ask again. If i get 100k profit from flip projec...
Mark Modak
Does Personal Use Preclude Using Cost Seg for W2?
Hi, Would love some thoughts. Bought a property, had it STR for the entire portion of the year that I owned it, qualified for being materially involved, and got a Cost Segregation done. My hope was to be able to offse...
Schnell Johnson
Recommendations for Tax Advisor/Financial Advisor
I am looking for a tax advisor or financial advisor to show me how to correctly convert my IRA into a self directed IRA and how to use it for investing. I am located in Ga and I am not sure if the rules are different ...
Todd Shroats
Leasing equipment to my scorp
I am wondering about equipment that I own and use through my business. I have been told the best way to set up my new scorp and llc, is to sell my equipment to my llc for a dollar declare the fair market value throug...
David Green
Capital Gains on improved property
I purchased a condo several years ago and pumped quite a bit of money into it to improve the property. I later moved out and rented the place out. It has been rented now for more than 3 years. So I can't qualify for...
Steven Lewis
How to properly pay back a LOC for correct write-off
I was blessed to have money gifted to me from my parents from their LOC (line of credit). The LOC comes with a monthly payment which I am looking to pay so I get that tax benefit. I'm looking for advice on the best wa...
Adam Gott
Add expected tax savings into ROI?
First time rental purchase, I'm well in to the 25% federal bracket (and 7.2% state) and plan on being so for at least the next six years (retirement). I'm analyzing a lot of deals that barely get me 8% ROI but if I t...
Will Harrison
Health insurence when owning rentals
Looking to get out of the 7-5 but one of the biggest things holding me back is insurence. Looking around, it is very expensive to pay for insurence for yourself and a dependent without a company to offer it cheaper or...
Cherry Mae Bimbo
When to include appliances in a cost seg study
Hi everyone, I hope you can help me. When do we usually include appliances? (aside from the very obvious medical/industrial appliances/equipment). In a residential, for example? Which appliances can I include in the s...
Chad Hurin
Vacation & need to keep in contact with PMs...Write off?
Hi all.So, If I'm on vacation out of the country and need to spend a little extra for internet, say the $9.99 24-hour wifi charge from some hotels or international roaming text messages, etc, can I write that off as a...