Desiree Board
Sole proprietor, LLC or Corporation?
22 January 2025 | 3 replies
Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.
Brett Henricks
Crew Enterprises DST Investors with suspended distributions please PM me
21 January 2025 | 3 replies
I'm curious if there are additional distressed Crew DSTs out there.
Kristen Haynes
Charlotte is expected to grow leaps and bounds in the next 25 years
25 January 2025 | 2 replies
The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.
John Zhang
Is there a dollar limit on how much we can use real estate depreciation to offset W2
30 January 2025 | 4 replies
Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.
Chris Blackburn
Tax credit 45L for a 90 unit or 112 unit project? What should it cost?
22 January 2025 | 1 reply
This could cost around $500 to $1,500 per unit, depending on the size and complexity of the project.Certifications: There may be additional costs for certifications (such as HERS ratings) or third-party testing to verify the energy efficiency of each unit.For a 90-unit project, you could be looking at costs in the range of:$45,000 to $135,000 for energy modeling and certification (depending on the cost per unit).For a 112-unit project, the costs would likely be:$56,000 to $168,000 for similar services.Tax Credit Calculation:If you meet the energy standards, you can claim up to $2,000 per unit.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
Regarding insurance adding additional umbrella insurance is great idea.
Preet Oberoi
Multi-family construction opportunity with no construction experience
23 January 2025 | 2 replies
There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.
Joshua Tucker
Tax breaks on tribal land
27 January 2025 | 4 replies
Tribes might even provide additional incentives, like grants or infrastructure funding, to encourage investment.
Justin Brin
Where is everyone moving to?
29 January 2025 | 10 replies
Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.
Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
When it comes to housing, the FHA rules apply in addition to those of your state/city.