14 November 2024 | 20 replies
If they are, they should be able to clearly and confidently explain how they added value in that transaction.
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16 November 2024 | 21 replies
Second, I have a question about REPS status in a longer term sense.The primary benefit of REPS status, as I see it, is to take passive real estate losses, usually from depreciation and accelerated depreciation via cost-segregation, and use those losses to offset active income, reducing current or future AGI and tax burden.I’m clear about this benefit, but what I’m unclear on is the consequence in out years.For example, if I put $100K into a multifamily syndication, and the syndication does a cost seg, resulting in a $40K loss, I believe that a Real Estate Professional could claim that $40K loss against their other income and reduce their AGI accordingly.
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15 November 2024 | 1 reply
I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.
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15 November 2024 | 5 replies
To address this, request documentation, update the lease, address rent payment, consult an attorney, and maintain a positive tenant relationship by communicating clearly.
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19 November 2024 | 19 replies
I’m not clear what it’s called but for instance like what I believe Grant Cardone does if that makes sense?
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17 November 2024 | 33 replies
I really do appreciate all of the comments folks have made and it’s clear that they have systems in place and I hope that knowledge will aid me in my endeavor.
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14 November 2024 | 3 replies
For cold calling I would like them to speak clear English and not obviously sound like an out of the country call center.
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14 November 2024 | 2 replies
Contact the HUD asset manager handling your contract early and provide a clear reason for the extension.
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13 November 2024 | 1 reply
When networking on BP or in person, being clear about your goals will make a big difference.Are you mainly interested in finding rental properties, connecting with other landlords, or exploring specific asset types?