
13 September 2024 | 9 replies
Many NY apartment buildings with 6+ units built before 1974 are rent stabilized.You can look up the building here to see if it is on the rent regulated building list.All the best to you on your search!

12 September 2024 | 9 replies
St Paul is the most strict, followed by Minneapolis.

11 September 2024 | 2 replies
These issues have been exacerbated by new regulations following the tragic Surfside condo collapse.Legislative Changes:Recent legislation in Florida, such as Senate Bill 4D, has introduced stringent requirements for condominium associations.

11 September 2024 | 12 replies
Bonus depreciation is phasing out, but a cost segregation study can still help with tax benefits.Make sure to stay compliant with local laws and HOA rules, as regulations are strict.

11 September 2024 | 4 replies
Hi Lance,Based on your query and the information provided, here's some guidance on renting out a primary residence and an ADU in Georgia:Legality and Zoning: ADUs are legal in many parts of Georgia, but regulations vary by location.

13 September 2024 | 12 replies
Regulations:Given that New Orleans has strict rules for short-term rentals, make sure to fully understand the local zoning laws, STR permits, and licensing requirements for B&Bs.

12 September 2024 | 5 replies
Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

13 September 2024 | 12 replies
It take 6-18 months to stabilize most properties due to the regulations on rent increases, etc.

16 September 2024 | 40 replies
Making your investors feel safer, syndications require a government-regulated private placement memorandum (PPM), which spells out how the investment is being set up and the returns and risks involved.On the negative side, real estate syndications are expensive and complicated with quite a learning curve.

12 September 2024 | 6 replies
On top of the line of credit, we have also equipped them with unsecured revolving lines of credit totaling $377K in which they use strictly for renovation.