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15 November 2024 | 7 replies
It's not quite the same as bare land vs hotel.
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14 November 2024 | 0 replies
It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!
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17 November 2024 | 8 replies
If there is a PPP the lender will hit you for the year you land on the PPP term.
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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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14 November 2024 | 2 replies
Does the City have Future Land Use Maps showing a higher density?
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15 November 2024 | 23 replies
The Long-Distance Real Estate Investing book is a great one to get the lay of the land on doing it from afar, but getting on-site experience will also be important in your journey.
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15 November 2024 | 16 replies
The stairs and landing at the top of the stairs is carpet as are the stairs to the lower level.After 7 years hosting, they still look good.
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18 November 2024 | 14 replies
Buying raw land near brown field could be a good long term play.
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13 November 2024 | 15 replies
@Andrew Ball, there's some slight confusion/miscommunication here.
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20 November 2024 | 23 replies
Most lockboxes out there are not validating IDs when there are showing requests so it only takes one or two bad apples to land you in hot water with the owners.