Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
Why sell for 90% of the value after closing costs, minus taxes.
Darieal S.
Free Classified Ad Sites
26 December 2024 | 1 reply
Good morning,A quick question regarding marketing via Free Classified websites.
Anderson S.
Stop Overpaying Taxes! 5 Insider Tips for Real Estate Investors
10 January 2025 | 2 replies
Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.
James E.
Real Estate professional logbook example
24 January 2025 | 220 replies
If not, then consider consulting a good tax pro.
Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
Waite ___ years to get it done, or take this check here n now n be free.
Nicholas Dillon
Taking additional cash from a 1031 exhange
7 January 2025 | 3 replies
The IRS views it as taxable income because it’s not being used for the purpose of deferring taxes under the 1031 rules.For example, if you sell a property and only use part of the proceeds for the next investment, the leftover amount (after paying transaction costs, etc.) is taxed.
Preethi S.
Difficult Property Management company
3 January 2025 | 8 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
Wes Y.
Selling SFH, Capital Gain Exclusion
23 January 2025 | 1 reply
Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.
Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.
Jake Bute
How to track time in business to accommodate 500+ hours?
9 January 2025 | 7 replies
Consult your tax professional: while podcasts are great, make sure you have an existing relationship with a tax professional you can trust.