This is indeed a helpful tip, Crystal! The more knowledge we can give out about this topic the better. Thanks for your contribution to making our real estate community great and diverse with different perspectives on problems like these.
@@LYFEAccounting what I found helpful was how you described the significance of depreciation & how it encourage owning rental properties. I appreciate it
Thank you for the information. Y’all are the bomb 💣 question though. What happens when you take the depreciation and property values fall significantly due to market changes?
@@LYFEAccounting honestly all of it, because it’s information that I never knew about. Any new updates or general information about taxes, forming an LLC, stocks, etc. I like how y’all can break down the information for us even a 10 yr old can understand. Also the fact that this blk own channel it’s exciting to see our ppl staying ahead of the curb and doing y’all best to bring us with y’all. Much love !
I've been interested in rental arbitrage with houses since the start up cost appears to be lower. Seeing this makes me wonder if purchasing a house would be a better investment decision even though there's a lot of upfront costs. Thanks for giving me things to consider!! Would love to see: - pros vs cons list of purchasing a home to rent vs using rental arbitrage method - 1031 exchanges - what to consider when investing in commercial or residential properties?
Hi, Thank you so much, for sharing your knowledge. I have a question: I plan to move to Texas. I want to sell my California Rental House which I own and was rental property for 30 years. (Now worth $700,000.) and use this money (the $700,000.) to buy 2 Rental houses in Texas (Texas has cheaper Houses 2 houses about $350,000. each) will this strategy Avoid me of pay Capital Gain Tax? And When can I live in 1 of the Texas house and sell it then after living there, and sell the remaining house after living there? I plan to live in 1 house and rent the other. Then sell them all. to avoid paying Capital gain tax. Thank you for your advice.
How do I figure depreciation if I inherited a property? I now use as a rental but I didnt purchase it. It does have a mortgage but that was opened before I had a renter. I dont know how much the land cost is.
You asked I delivered. 1031 Exchange video here: th-cam.com/video/-rvZCRIGa0g/w-d-xo.html
Best breakdown so far
I never subscribe to a channel after watching only one video. I did here. Great stuff! awesome job!
This is indeed a helpful tip, Crystal! The more knowledge we can give out about this topic the better. Thanks for your contribution to making our real estate community great and diverse with different perspectives on problems like these.
Hey guys I love this page. You guys are dead on and clear.
Keep up the work.
Hey! Thank you so much for this tip! I always wondered how people recovered money from the property being depreciated !
Awesome! Glad it was helpful for you!
Great job as always. Thank you Crystal you are a God send.✊🏾
I appreciate that. Thanks for watching
Thank you, I now have a better understanding of real estate depreciation. Much appreciated!
Well explained and very informative.
Thanks so much for this video. It's very informative and easy to follow. You are a life saver!!
Thanks for educating us. Best & simple explanation!!
Thank you for watching, just curious, what did you find most helpful?
@@LYFEAccounting what I found helpful was how you described the significance of depreciation & how it encourage owning rental properties. I appreciate it
Thank you for the information. Y’all are the bomb 💣 question though. What happens when you take the depreciation and property values fall significantly due to market changes?
Another great video!
Glad you enjoyed it! Any part in particular you like most?
@@LYFEAccounting honestly all of it, because it’s information that I never knew about. Any new updates or general information about taxes, forming an LLC, stocks, etc. I like how y’all can break down the information for us even a 10 yr old can understand. Also the fact that this blk own channel it’s exciting to see our ppl staying ahead of the curb and doing y’all best to bring us with y’all. Much love !
Request ,
Top 5 write Offs for your Turo fleet.
Challenge accepted
HI, how do I know what is the land value of a rental property?
What a doll. Good info too
Glad you liked it!
Crystal clear
I've been interested in rental arbitrage with houses since the start up cost appears to be lower. Seeing this makes me wonder if purchasing a house would be a better investment decision even though there's a lot of upfront costs. Thanks for giving me things to consider!! Would love to see:
- pros vs cons list of purchasing a home to rent vs using rental arbitrage method
- 1031 exchanges
- what to consider when investing in commercial or residential properties?
Glad it was helpful for you! Those are very interesting topics, thank you! We’ll put those in our video queue!
Hi, Thank you so much, for sharing your knowledge. I have a question: I plan to move to Texas. I want to sell my California Rental House which I own and was rental property for 30 years. (Now worth $700,000.) and use this money (the $700,000.) to buy 2 Rental houses in Texas (Texas has cheaper Houses 2 houses about $350,000. each) will this strategy Avoid me of pay Capital Gain Tax? And When can I live in 1 of the Texas house and sell it then after living there, and sell the remaining house after living there? I plan to live in 1 house and rent the other. Then sell them all. to avoid paying Capital gain tax. Thank you for your advice.
What about cost of repairs to sell? Is there any calculation like cost of materials and time spent?
How do I figure depreciation if I inherited a property? I now use as a rental but I didnt purchase it. It does have a mortgage but that was opened before I had a renter. I dont know how much the land cost is.
1031 Exchange
Does this only work for rentals or will this work for flipping houses ?
so if I do this do i get a tax return on a single family rental investment
I like her. She was pretty good.
What if you selling and not renting
1021 exchange - please explain deeper.
Noted! Will add that to our video queue
here you go! th-cam.com/video/-rvZCRIGa0g/w-d-xo.html
What if the home is my place of residence, can I still write the depreciation value off?
You can not.
@@LYFEAccounting , what are the write deductions for your sole residence?
Great vid. 1031
Noted and thank you!
th-cam.com/video/-rvZCRIGa0g/w-d-xo.html .. < 1031 video
wow!!🥰😍🥰
Thank you! :)
sorry i dont find myself speechless often but that smilegot me on cloud 9.. 🤪
1031 exchanges!
Noted!
here you go! th-cam.com/video/-rvZCRIGa0g/w-d-xo.html
1031!
Thanks for the comment!
th-cam.com/video/-rvZCRIGa0g/w-d-xo.html .. Here ya go!
1031
Noted, thanks for the comment!
here you go! th-cam.com/video/-rvZCRIGa0g/w-d-xo.html
😁
😄
1031!!
You got it! Thanks!
Here you go! th-cam.com/video/-rvZCRIGa0g/w-d-xo.html
1031
Got it! Thank you for commenting!
th-cam.com/video/-rvZCRIGa0g/w-d-xo.html ... here you go!
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