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15 November 2024 | 11 replies
If you do not close on enough of your properties to defer all tax you will simply pay the same tax you would have at the same time you would have.
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12 November 2024 | 4 replies
A lot of sitting capital will re-enter the market.
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16 November 2024 | 17 replies
Don't give names or addresses, but simply ask hypothetically.
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15 November 2024 | 17 replies
Seems to me whatever % you would give up would be offset by simply renting out the upstairs unit.
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19 November 2024 | 26 replies
In your case, I would simply point out that they forgot to give a value for that space.
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14 November 2024 | 5 replies
I've learned over the years that real estate investment is simply a math problem.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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13 November 2024 | 2 replies
I've had some early success but thought I would put it out there:So simply put...
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9 November 2024 | 7 replies
You have the right to enter the property; I would bring someone with you as a witness.
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14 November 2024 | 7 replies
They may want to extend for a year after the 6 months at a discounted LTR rate or it is simply a transition place while they look to buy, etc