David Ivy
Austin Market Report - May 2024
13 June 2024 | 0 replies
The Fed recently adjusted its short term projection to one quarter point rate drop for 2024, though it had earlier predicted as many as three drops.
Ryan Dori
Need feedback on properties I listed
13 June 2024 | 5 replies
Use A/B testing to see which ads perform better and adjust your strategy accordingly.
Hector Bermudez
Would you Lease or Not to Lease?
13 June 2024 | 16 replies
Is there a reason they are willing to be so accommodating to get this property, is everyone turning them down.Can the concession be a combo of pulling payments forward and paying higher rent, like pet rent.I would say stick to your gut and your criteria, but consider the gray areas to see if any criteria or reactions need adjustment.
Brian Plajer
Experience investing in Cleveland Ohio?
13 June 2024 | 10 replies
Tax rates are adjusted every 3 years and can run anywhere from 2 to 4.5% which can significantly affect cash flow from property to property.
Marcus Watson
What's the secret to acquiring properties in Detroit?
12 June 2024 | 10 replies
As an investor, you want to LIMIT emotional exposure to properties and only focus on the numbers.Once you have it under contract you rely on a GREAT inspection to determine if a price adjustment is needed or to cancel.
Marc Shin
Thoughts on this property? 3/2 SFH 1800 Sq ft - is it too ugly??
13 June 2024 | 16 replies
@Marc Shin I think some minor adjustments to the façade could fix any "curb appeal issues".
Michael Hoover
Deal or No Deal - 8 Door Appt. , Rural but College town, Owner finance
12 June 2024 | 8 replies
(a lot of manual work!!)
Matt W.
Help me understand depreciation recapture!
12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.
Andrew Glavinic
Property Management Software - DoorLoop
12 June 2024 | 57 replies
Never ceases to amaze me how many invetors and vendors don't take into account the resources and LOST data resulting from switching management software.Think about it, you can switch from Google Docs.Sheets/etc to Microsoft products easily and without losing much.Try switching between ANY management software products and you have to do everything manually or via limited CSV files AND YOU LOSE MUCH OF YOUR PREVIOUS DATA!
John Matthew Johnston
My Flaw with BRRRR.
12 June 2024 | 20 replies
There are choices for the comparable sales inputs, discretion used for the adjustments, etc.