It is about compounding your returns, reinvesting, and continuing to grow.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is NOT repaying the depreciation.

If they're late multiple times and or declared bankruptcy, then I would expect them to continue, unless they can provide some clear explanation.If you're having problems renting, it is either a pricing, condition or marketing issueGood luckGino

We focus on exceptional customer service by aligning our solutions with client needs, while innovation drives us to continuously improve processes and embrace new ideas.

It takes a lot of training and continuous study to stay on top of tax law, especially with all the changes in real estate tax rules.

Therefore, I have just continued to challenge them to think and seek solutions - and haven’t given them any advice yet.

Quote from @Jonathan Greene: Quote from @Jonathan Klemm: Good call out @Jonathan Greene - @Moderators need to continue to step up there game, but there are obviously limitations.  

However, I just received a text alert that I must agree to their new Terms of Service by 10/7/24 to continue processing payments. 

I continue to pad my social security contributions full-time with the hopes of maximizing my retirement benefits.