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18 January 2025 | 12 replies
How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?
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16 January 2025 | 0 replies
This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel Lessons learned?
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20 January 2025 | 8 replies
So when I see an advertisement like this I feel like it would be a waste of my time and money, but perhaps interesting for others.
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22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!
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24 January 2025 | 18 replies
Feel free to shoot me a message if you think that I could be a resource.
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17 January 2025 | 21 replies
I am out of state and the only way that I feel that I can get people to walk through the properties are if I find them on market and have Shawna write up the offers.
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16 January 2025 | 6 replies
., San Diego, and others)—making it feel like a “natural” choice for a regional traveller wanting to get away for a short weekend.
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12 January 2025 | 3 replies
So I am looking forward to seeing a consolidation in viewership and would like to see a lot of traffic pushed back to YouTube.How do you feel about this?
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18 January 2025 | 11 replies
It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.
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22 January 2025 | 14 replies
You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.