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30 January 2025 | 10 replies
I am trying to get an estimated idea of the cost of this project.
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26 January 2025 | 2 replies
You may have to do this several times for all the different tasks being done.The only labor cost not covered by this type of online inquiry is drive time from the businessto the property, to the store & back for supplies and then back to the business address.
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25 January 2025 | 26 replies
Everyone is trying to maximize earnings in this business.
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26 February 2025 | 23 replies
@Dalton Summers My ex-business partner owns 40 units and still rents a house...
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31 January 2025 | 12 replies
If you like the idea of a self-directed HSA like @Kaaren Hall mentioned check out providers like Accuplan and IRA Financial Trust.
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25 February 2025 | 18 replies
He was surprised and said he needed to talk to his business partner (brother) and call me back.
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14 February 2025 | 18 replies
If you track listings a full lap around the calendar, you get a real idea of the revenue comps in an area.
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3 February 2025 | 2 replies
FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.
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2 February 2025 | 4 replies
We have worked hard to build up our systems to manage our business.
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26 February 2025 | 12 replies
This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.