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14 November 2024 | 5 replies
@Arya TaghdiriWelcome to the community and be ready for a huge amount of information at your finger tips.
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7 November 2024 | 5 replies
I suspect some settings or links were broken in the process.
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13 November 2024 | 8 replies
Remember to trust but verify all information you receive, that includes me lol.here's a link but please do a deeper dive. https://www.state-contractors-board.com/michigan/
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12 November 2024 | 8 replies
Perhaps he has some tips as well.
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14 November 2024 | 6 replies
Here's a link to the bill: https://beachrentals.penfedrealty.com/sites/default/files/ar...
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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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12 November 2024 | 4 replies
.📌 I’d love to connect with:Investors or developers experienced in BRRRR or rezoning projectsReal estate agents, architects, and attorneys familiar with the local marketProfessionals with expertise in expediting demolition and building permits in AtlantaI’m eager to learn from your experience, hear useful tips, and explore potential collaboration opportunities.
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11 November 2024 | 13 replies
Just a quick tip - you can leverage your existing network of title companies, lenders, and other real estate agents to find off market deals.