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2 December 2024 | 2 replies
I've raised capital for tech companies in the past, but never for a real estate company.
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13 December 2024 | 35 replies
A capital improvement is not - it gets added to the basis which ultimately reduces the tax due on sale but it’s not tax deductible in the sense in reduces current income.
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10 December 2024 | 2 replies
As for the sale aspect, the market has softened up a little bit for sellers, but some of that is time of year.
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7 December 2024 | 6 replies
Do you know how point of sale is handled?
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9 December 2024 | 2 replies
Facts- Property Sale/Closing date: October 21, 2024- Property Location: sold in Miami Dade County, FL- 1031 potential replacement property identification deadline: 45 day identification deadline of December 5, 2024.- Seller's residence county: Orange County, FLIRS Notice for reference: FL-2024-10 - Hurricane Milton IRS extensionhttps://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-milton-various-deadlines-postponed-to-may-1-2025-in-all-of-floridaMy Assumptions:A.
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10 December 2024 | 8 replies
I do partnerships many different ways, some I split the equity on the sale; I'll bring the deal, and partner with the person investing because I brought the deal to them. 20/80, 10/90, 40/50, etc..
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8 December 2024 | 1 reply
Now I'm being told that because of the charitable contributions listed on the corporation paperwork we need to submit a full appraisal to the state and that the state attorney general needs to approve the sale.
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10 December 2024 | 7 replies
Even then though, the price could still be the issue even with the pro doing the sale.
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11 December 2024 | 12 replies
I would focus on "Ugly inventory" but would pass an appraisal and not be "Subject to" so that I can renovate and refinance on the ARV in as little as 6 months to pull out my initial capital and enough to put down on the next REI.On the flip side Indiana and Ohio would also offer a sale price to cash flow ratio since you can still find a great deal in both states.