All Forum Posts by: Susan O.

http://www.tenantstogether.org/resources/housing-long-beach tenant union group with big money from unions promoting rent control

https://ocweekly.com/rent-control-wont-be-on-the-november-ballot-in-santa-ana-but-activists-press-on/

OC Santa Ana

Why rent controls actually make less housing and why there's such low inventory due to rent controls and over government regulations in california and most blue states. They make business hard so there's less incentive to create new housing or invest in properties.  That's why there's low inventory in LA SF OC and a lot of the blue state big cities

http://freakonomics.com/podcast/rent-control/

Thanks Chris.  So Orange county is going to try to do some sweeping rent controls. Especially because in 2020 the state senate is going to be a super majority.  

Contact local reps and council that you do not want rent controls.  They lower the amount of affordable housing and disincenctivize investments!

Oh maybe I need to do the bonus depreciation instead?  I'm just trying to write off as much possible for first year I did a 1031 exchange from a triplex with all equity and only a little depreciation left. Then bought a 22 unit with it. Fixer We've already spent $100,000 on improvements and repairs

I wanted to do a Roth version of the Solo-401 k

How do I do it with Roth on lets say ETRADE account.  Is there a certain way to set it up or certain procedure to do a roth version so I won't pay long term capital gains?

 Thanks I spoke to an accountant about this and it sounded the same.  He said that he would take the new building cost of the new property and use that for a new depreciation basis for my new 1031 replacement property.

My old property was almost completely depleted of depreciation and only had 10 years left of the 27.5 years white the new property is worth a lot more especially in building value

 Isn't the max deduction $25k or has that changed?  Unless you're qualifeid as a RE pro 

 Thanks So i'll just ask my current accounant to put the $30,000 in renoations under 27.5 years so it gets transfered from our old property to our new property thank you! 

 The landlords I know some of who use the Han CPA who wrote the book from biggerpockets does the section 179 and bonus depreciation on first year.  My friend uses Han and recommended I do the sec 179

So perhaps you guys should to. I guess Han is more aggressive than your accountants 

So just checking do the depreciation schedules all forward to next propertythanks i'm getting  a new more savvy accountant it's difficult to change after a decade with the same accountant.

 I'm interviewing new accounants this year.

Can anyone answer the question on whether the depreciation schedules forward to anew property on a1031 exch

https://www.kbkg.com/news/kbkg-tax-insight-tax-reform-changes-to-qualified-improvement-property

Anyone who purchase a new building this year not they should do this

Anyone do it in 2018?

MORE:

Starting in 2018, there is a $1 million limit on the total amount of business property expenses you can deduct each year using Section 179. This dollar limit applies to all your businesses together, not to each business you own and run. You do not have to claim the full amount. It’s up to you to decide how much of the cost of property you want to deduct. But you don’t lose out on the remainder; you can depreciate any cost you do not deduct under Section 179.

If you purchase more than one item of Section 179 property during the year, you can divide the deduction among all the items in any way, as long as the total deduction is not more than the Section 179 limit. It’s usually best to apply Section 179 to property that has the longest useful life and therefore the longest depreciation period. This reduces the total time you have to wait to get your deductions.