I have a property in my personal name that I plan to rent annually. I created an LLC to collect rent and manage any expenses related to the property. My accountant told me that I needed to move the property into the...
The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax...
Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that. And get this—you don’t need a large real estate portfolio to benefit from these money-saving tax tips!
W...
Hi fellow BP members, I am relatively new to BP and so glad that I found this site. It has immense amount of information on RE investing. Kudos to BP for creating this huge platform to connect and share "everything re...
I am researching the tax advantages of started my own property management company to manage my rentals. My current plan is to create it as a LLC taxed as a S-corp and pay the company a management fee to manage my long...
Real estate has long been a favored investment avenue due to its potential for appreciation, steady cash flow, and diversification benefits. Beyond these financial gains, savvy investors also benefit from various tax ...
If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return? Will I lose depreciation deductions if I use Roth IRA fund?
I’ve seen a lot of folks make comments similar to: “Once I educated the seller on the benefits of owner financing, he/she agreed to...”I understand there are tax benefits with owner financing, but I’m afraid I don’t ...
Question for my tax savvy REI's out there. My wife and I own a handful of long term rentals and I am the sole partner of an LLC for some of it. My wife assists with property management, scouting new deals, interview...
1. It seems like taking advantage of depreciation and all of the tax benefits of real estate are lost if your income is >$150k, unless you are a "real estate professional", right?2. I've read a lot about legal enti...