All Forum Posts by: N/A N/A

Thanks I'll take a look. But the expensive part scares me. I'll report back. If anybody else has other pointers that would be great.

Hi,

Does anybody have any pointers to resources/documents that help you assess building costs or replacement costs for the following items.
-Blinds
-Carpets
-Driveway
-Fences
-Landscaping
-Patio
-Sidewalk
-Swimming Pools

What I am interested in is are there reference materials that tell you the cost of a driveway (for instance) based on quality and size. For instance something that tells you that:

High quality Driveway costs $50/Sq Ft.
Medium quality Driveway costs $30/Sq Ft.
Low quality Driveway costs $20/Sq Ft.

And similarly for the other items on this list. I'd appreciate any pointers even if they're not complete. I want to compare them against data I have.

Thanks.
Bookkeeper

Well I agree with you in that too much of anything isn't a good strategy. (So by the way I am 50% in RE).

But I wouldn't go so far as to say Loans are bad in all cases. If you've got a good investment where you feel like appreciation projection is right and cash flow is right (to meet specific ROI goals you've set for yourself). Loans are a great way to leverage and acquire property.

I tend to be pretty conservative when I deal with loans (Always 20% down at least) and always fixed. But I also tend to hold property for the long-term.

I have found Loans to be a great way to leverage and acquire assets, assuming like everything else you pick the right investment.

But again, I really think it comes down to what are your specific Cashflow and investment goals. My $.02's ...

I think it depends on your specific situation. Are you in accumulation phase, where you haven't reached your RE goals around cashflow, amount of RE owned,...

Or are you in the I'm happy with what I've got: I've met my cashflow goals,...in which case you might be more into paying down debt.

At least that would be my thought process...

Hi,

I am looking for Investors that have done their own tax returns Schedule E, Form 8824 (1031 exchange), or Form 4562 (setting up depreciation schedule for their property/asset). Or have used an accountant but would have loved to been more educated about what was happening.

We are developing some software to help RE investors... would love to get feedback on our prototypes.

If you're interested send me an e-mail.

Thanks.
Bookkeeper

I can see both sides of this...

If 'Allcash' is saying you shouldn't buy a property just for taking the losses. You better look at cashflow. I totally agree with that.

However for most people that have a few investment properties and are working or doing something else as their main occupation. RE Investment has a lot of benefits:

1> Pre-Tax deductions of some expenses as was mentioned earlier. It gives you some of the benefits of business owner without having left your job.
2> Depreciation which get recaptured at the capital gains rate rather than your income tax rate, which is higher in most normal situations.
3> Accelerated depreciation if you segment short-life assets. Bigger deductions upfront.

Thanks.

Hi,

When you're doing a reverse exchange and you have to put down the dates for relinquished property and bought property. How do you put down the dates. The questions on the form 8824 seem to be geared towards a regular exchange. How should I read/interpret them if I am doing a reverse exchange?

Hi folks,

I've been a real estate investor for a few years now. I have a few properties that my wife and I are owning and managing.

I just discovered this site it looks great.

I am also an experienced S/W developer that has banded together with a team of engineers to make software that works great for small real estate investors.

One of the areas we are tackling first the tax filing process for RE investors. If you are interested in giving me feedback on process, painpoints wrt to managing taxes for RE investment. I'd love to talk to you. Just shoot me an e-mail.

There seem to be a lot of great forums. I hope to participate in.