Unfortunately. this is typically considered normal wear and tear.

Quote from @Manuel Moreno: Hey Bigger Pockets community,My family has been in commercial real estate development for years, and one recurring pain point we’ve constantly dealt with is unexpected site costs. 

Quote from @Kate McDevitt: I agree with Chris, get a loan for rehab..

Quote from @Russell Brazil: Quote from @Jinglei Shen: Hi Sasha,Thank you for your response.

Quote from @Jay Hinrichs: Quote from @Don Konipol: Quote from @Jay Hinrichs: Quote from @Kevin Ivey: When you list it on the MLS you offer a percentage to the buyers agent, as you should know. 

Quote from @Ben Callahan: Hey everyone!

Quote from @Ken M.: Quote from @James Hamling: Quote from @Ken M.: Quote from @James Hamling: Quote from @Ken M.: Quote from @Henry Clark: OP.  

Quote from @Will Mejia: Quote from @Andrew Syrios: That's awesome Will, congrats! 

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

Quote from @Robert Brock: Hi my name is Robert Brock and I am new to the Tampa Bay Area.