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5 October 2024 | 2 replies
I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.
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4 October 2024 | 0 replies
So before you get ready to attempt to rip your Landlord a new one, first go take it up with the local taxing authority, then go have it out with the insurance industry, then gripe to the neighborhood HOA (if applicable), then maybe settle your disputes with Home Depot/Lowes and any and all trade contractors.
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8 October 2024 | 10 replies
Relationships are key, but with little exception, loyalty is not rewarded in this industry.
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29 September 2024 | 0 replies
In the real estate industry, brand awarenessand lead generation serve different but complementary purposes, each targeting distinct aspects of business growth.
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5 October 2024 | 6 replies
Really really wish BP would embrace creating a glossary and leading the way to defining these terms for the industry.
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2 October 2024 | 4 replies
They are dedicated to connecting veterans to jobs in the parking industry.
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3 October 2024 | 10 replies
Quote from @Jaden Rodriguez: Quote from @Wale Lawal: @Jaden RodriguezWelcome to BP1Expanding your network in the real estate industry is crucial for growth.
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4 October 2024 | 2 replies
Unfortunately, this is a thing that happens in our industry.
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4 October 2024 | 16 replies
Many arrive at this strategy through paid mentorship, while others settle on the strategy through their own education because its such a widely discussed strategy with so many industry participants peddling the concept thanks to the low barrier of entry and ancillary services and fees that are generated.
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3 October 2024 | 4 replies
I still consider myself fairly new to this world, and I can say with 100% certainly the biggest battles are the internal ones, and this industry has given the pleasure of being forced to address several of my short comings, and continue to address them all the time.I find I get the most emotional when I get reactionary, so my constant focus is around honing and suppressing reaction as a whole both internal and external.Thanks for taking the time to write this up.