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5 February 2025 | 4 replies
But I do have some family in Canada that have told me there has been some tax increases to the STR owners to try combat housing issues.
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4 February 2025 | 4 replies
Serve your tenant with the 60 day notice.https://dca.georgia.gov/housing-choice-voucher/landlords/geo...
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31 January 2025 | 3 replies
The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.
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13 January 2025 | 8 replies
The seller has considered seller financing with 20% since this is a paid off property.
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10 February 2025 | 24 replies
This is partly due to the fact that the sec8 housing authority I usually work with is "tougher", but they compensate proper.
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20 January 2025 | 0 replies
To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.
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21 January 2025 | 2 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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8 February 2025 | 6 replies
It was the Peak Housing Reit by the Peak Group for those interested.
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22 January 2025 | 1 reply
At that point the buyer was so Leary of the numbers they backed out, then the seller didn't want to give back escrow.
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11 January 2025 | 4 replies
And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.