All Forum Posts by: Carl Jensen

@Brett Barry, it was awesome meeting you and Emily. Let's do it again soon.

Meetup is here: https://goo.gl/maps/wAzuU2UZN1F2
More info here: https://www.meetup.com/NoCoMustachians/events/2580...

@Natalie Kolodij Thanks for the response. I just looked up the property we're interested in (see screen capture below) and it looks simple. The structure is assessed at $87,790, so if we paid the assessed value for the whole thing, our basis is $87,790. If we paid double, our basis would be $175,580. Is that accurate and is there anything else we should know about? Thanks again!

@Natalie Kolodij I have a question about this part:

"Significant improvement was just re-defined by the latest IRS release to be the amount of the BUILDING basis (originally it was worded more like purchase price of the property) but now basically if your property cost $50k and building value was $20k ....you must put $20k into the property."

How is the value of the building determined? Is it from the tax assessment or something else?

Thanks @Bob Dreher ! I hope that's what I did with your deals! 

Hi Dmitriy-

I'm participating in a syndication deal through my SD solo-401(k). Which option would I choose here?

Thanks!