
13 October 2024 | 11 replies
Like Account Closed mentioned this gain is made up of two parts - capital gain and depreciation recapture both taxed differently.The 1031 will be a powerful tool for a planner like you.

12 October 2024 | 25 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

10 October 2024 | 2 replies
If done this way, the investor could use this as a powerful tax strategy to spread the taxable event over years, lowering the effective tax rate faced from the taxable events.I have heard professionals compare it to an installment agreement, but with more control.

11 October 2024 | 8 replies
That's a powerful story @Jeremy Beland!

14 October 2024 | 24 replies
Very powerful!

8 October 2024 | 6 replies
The damage to the property can be handled over the next several weeks (large tree on roof, landscaping destroyed), though it is unclear when we will regain power and water (potentially weeks beyond repair?).

9 October 2024 | 3 replies
Real estate is extremely expensive in the area.

8 October 2024 | 36 replies
One has needed about $60,000 in work but will be a power house when I go to BRRRR it around December.

10 October 2024 | 5 replies
Another solid read is "The Millionaire Real Estate Investor" by Gary Keller, which focuses more specifically on real estate strategies.For podcasts, BiggerPockets is extremely popular and a fantastic resource, especially for beginners.

13 October 2024 | 22 replies
I've been told both extremes by several different people, but that's crazy to hold the agent responsible when they're forcing this arbitrary rule just so they can go after agents and brokers for something they had zero control over.