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16 November 2024 | 5 replies
Taking care of someone's asset is a responsibility that you should not take lightly.
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19 November 2024 | 19 replies
Invest in assets, not in things.
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14 November 2024 | 2 replies
Typically, HUD charges a daily fee for extensions, which varies depending on the property type and the number of extensions requested.To request an extension, contact your HUD representative or the Asset Manager handling the sale.
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16 November 2024 | 4 replies
In a previous life, I developed midstream energy assets.
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9 November 2024 | 2 replies
Quote from @Brendan Lawrence: Looking for solutions to offer financing to buyers:We have a unique asset class that we're building out here.
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14 November 2024 | 10 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
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14 November 2024 | 22 replies
A DSCR loan requires personal guarantees, so it will not work.Can we find landers that can extent financing based on the value of the asset only.
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16 November 2024 | 7 replies
Since it's a commercial asset, you need to get all the data possible on rent, expenses, lease end dates, cap ex done and needed, to present a five-year plan to the private lender.
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15 November 2024 | 13 replies
So if you have a lawsuit for a fall through a deck board or whatever, they can only go after the one asset and not all of them.
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15 November 2024 | 2 replies
Some lenders specialize in asset-based lending, considering rental income on Schedule E, especially if you have strong rental history.