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20 July 2024 | 28 replies
@Marcus Auerbachinteresting post.i really don't know.as @Cody Roberts pointed out, another thing that is happening at the same time is an incredible reversal of population growth - from the doom and gloom, overpopulation predictions of the 60s and 70s, to the likely peak of human population by 2060 or 2080, followed by probably an irreversible decline.
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17 July 2024 | 9 replies
Primarily this applies to when one took bonus depreciation on land improvements, or in the case of nonresidential property, qualified improvement property.The one type of depreciation recapture you can defer with an installment sale is "1250 unrecapture" - this is that typical 25% depreciation recapture rate that you think of, which is the depreciation recapture on the straight line building and/or straight line depreciation on something like the previously mentioned land improvements or qualified improvement property.Allocation of the sales price is incredibly important here.
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16 July 2024 | 2 replies
Celebrate small victories along the way and continually set new goals to keep yourself motivated.
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22 July 2024 | 82 replies
My guess is that the most heavily populated states will initiate legislation, while rural states may be less motivated to do so.
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15 July 2024 | 4 replies
@Ali BurkeAccounting, such an incredible skill!
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16 July 2024 | 3 replies
For the first time, I became the motivated seller.
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16 July 2024 | 0 replies
For the first time, I became the motivated seller.
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15 July 2024 | 4 replies
Hi Aqsa,I'm bias but then again, I've owned real estate all over and haven't found a better market for sub $100,000 than Toledo.Low entry price pointHigh cashflowEmployed tenants that pay rent onlineDecent areas with well kept homesNot much appreciation so IMO it's a strict cashflow play.If you find and buy off-market you can snag some great deals for sub $60,000 purchase and rehab.Quality of workmanship is the downside and so is motivation of other folks needed to make investing from out of state work.So beware.These are the downsides bit like with any market, you will always have pro's and con's.All the best 👍
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15 July 2024 | 17 replies
@Matt Wujek please don't be naive and think everyone here is going to help you for free.Many have ulterior motives to chat with you to pitch you on their services.We're always looking for clients here on BP, but are pretty transparent about it.