3 April 2023 | 0 replies
I am finding that if retail space drives 20% of gross revenue, then you are eligible for these credits.
29 March 2023 | 3 replies
Fast forward five years and there are very limited areas and properties that are eligible for outright vacation rental usage or occupancies of less than 30 days.
24 June 2022 | 2 replies
The thought behind REFI'ing was to re-open my FHA eligibility.
30 March 2023 | 4 replies
After the first year, you are eligible to purchase a new primary with that same 5% down if you'd qualify. there is a guideline referred to as "departing residence" which will allow you to use 75% of the lease on your now-primary-turned-rental, for the purpose of offsetting your existing payment on the house your'e exiting. this should help with the DTI on your next purchase, but beware, you won't get credit for positive rental income -- only offset the existing payment. this is a really cool strategy to get multiple investment properties under your belt for low down payments....
27 March 2023 | 9 replies
Do you realize that once you turn your residence into a rental, you are eligible for cost segregation which can get you about 6-8% of your original purchase price in additional cash-flow, taxes that you don't have to pay?
6 April 2021 | 3 replies
Most can help you with general information regarding the eligibility requirements for the plan.
29 June 2020 | 4 replies
Some of these improvements would be eligible for accelerated depreciation, allowing you to write off some improvement costs in the year of the improvement, while others (perhaps the vast majority) would be strewn over the 27.5 years that follow.Building a new duplex looks like thisLand cost Everything else.Because you start with an empty lot (or a soon-to-be-empty one) the divide between what the value of the lot is and what the value of the improvements are is cleaner.
15 October 2020 | 13 replies
All have massively appreciated (over 150% for CA, and 75% for OH), and all are profitable annually AFTER tax depreciation.So I have experienced huge price appreciation, and the tax benefit that flows automatically is no current tax on that appreciation, a tax benefit that may become permanent with very little additional tax planning.Additionally, I have huge cash flow, so much so I am profitable after tax depreciation on every property, the tax benefit that flows automatically from that is that 50% of my annual cash flow is sheltered by the tax depreciation.Finally, the portion of my annual cash flow that is not sheltered by tax depreciation is automatically eligible (after 2017) for the IRC 199A 20% tax deduction.All of this additional very highly tax favored RE income is on top of my W-2 which itself alone pushes me through the tax brackets.
2 February 2023 | 13 replies
Call the city zoning dept and ask if the parcel is in an ADU eligible zone.If it burns down or a hurricane crushes it, you lose your triplex and you rebuild as a SFR with an ADU.
31 March 2023 | 0 replies
I am finding that if retail space drives 20% of gross revenue, then you are eligible for these credits.