Henrry Novas
Looking to Connect with Spec Builders
10 January 2025 | 7 replies
And how can we align our approach to meet those expectations and improve our chances of securing financing?
Steven Hsu
CPA in Dallas, TX
3 January 2025 | 5 replies
There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!
Anderson S.
Stop Overpaying Taxes! 5 Insider Tips for Real Estate Investors
10 January 2025 | 2 replies
Many municipalities allow appeals, and the savings can be substantial if successful.Pro Tip: Work with a tax advisor or attorney familiar with local property tax laws to improve your chances of winning an appeal.2.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
Choose the Right Property:When choosing a house to flip, search for properties in desirable neighborhoods that need structural or cosmetic improvements.
Ryan Cadwell
Affordable Housing Solution
13 January 2025 | 5 replies
As for the project, I assume Current is doing the horizontal development and will sell the improved lots for vertical construction, is that accurate?
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
.- Unrecaptured falls under section 1250 and is treated as ordinary gains and capped at 25%- My capital gain from appreciation and improvements under section 1231 was treated as a long term capital gain since I owned both assets over a year.Hope this helps.
Lilia Matlov
Multi-family Residential Renovation and Restoration
29 December 2024 | 0 replies
Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000
Paloma Wodehouse
Strong Tenant Laws & How to Protect Yourself
14 January 2025 | 8 replies
Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements.
Zhong Zhang
a multifamily investment case analysis
13 January 2025 | 4 replies
The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.
Eli Kim
Maxed DTI. How should I get more properties?
10 January 2025 | 20 replies
If they are CF positive then they will not cohnt against your DTI but will improve it...that's standard conventional guidelines barring a few exceptions.