15 March 2020 | 49 replies
Every property we acquire going forward will have to be carefully analyzed to see how much we want to maximize the depreciation and risk the FFE "loss" on a 1031.Let's say the case law established what many deem to be true about personal property (1245) even within real property, no longer 'exchangeable" through 1031, here’s a great way to get around out it (courtesy of the director of our 1031 department):If you do cost segregation, thereby identifying personal property, you can no longer 1031 that property, BUT, that 5 year property is not taxed as capital gains, rather regular income tax rates on the depreciation recapture…(still following)Potentially up to 20-30% of the value of your property, that’s a lot!
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15 June 2018 | 5 replies
However, according to the Florida Department of State webstie, it does require each LLC to pay a $125 initial filing fee, plus an additional $138.75 annual fee (as part of the annual report you would have to file).
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14 May 2018 | 3 replies
Tearing down hazmat is different than a regular demo job so depending on the county you may have some extra costs on that side as well.Testing, clean up, and certifying costs can get really pricey really quick if you're going to do it the right way - but even after you've got it passed off by the health department, you will still have to disclose the history to renters of buyers.
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16 May 2018 | 29 replies
In fact, I have had mortgage lenders and auto loan finance departments tell me that they cannot legally share with me MY own actual credit report even though I paid for it when applying for credit!!!
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17 May 2018 | 3 replies
About MeI initially started out as a civil engineering major and interned for a 100-person engineering firm in Boston in their plumbing and fire protection department but ultimately went on to pursue a degree in finance.
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17 May 2018 | 4 replies
Some time ago, I recall reading online that owners can get the same notifications as architects from the building/zoning department(s).
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24 May 2018 | 9 replies
I went to the town hall and pulled the tax/water/sewer balances (this will also be done by the title company) and I also went to the building department to confirm no open permits or violations.4.
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17 May 2018 | 1 reply
For example, when I called the Zoning Department about whether or not I could have a daycare center on our property they said the operator would need to get a Special Use Permit as part of their application for their business license.
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19 May 2018 | 2 replies
This would be a refinance is that right so I should speak to the refinance department?
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23 May 2018 | 10 replies
Sorry, you can call yourself whatever you want, but your states Department of Real Estate would consider you someone that is practicing real estate without a license, and you could be fined by them; and sued by buyers or sellers.