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12 June 2024 | 8 replies
By reducing your basis through accumulated depreciation, you effectively increase the taxable gain when you sell the property.It's essential to keep accurate records of depreciation, as it can have a significant impact on your tax liability when you sell the property.
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11 June 2024 | 6 replies
One way to look at it, is that the monies you would have paid in taxes could essentially be a down payment if structured favorably.
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13 June 2024 | 25 replies
In both of those situation the land remained whole as one tract essentially owned by the condo association (HOA) while the individual units were sold to individual owners.
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11 June 2024 | 0 replies
It can also be essential for the buyer, seller, and each of their legal representatives to have a conference call.
12 June 2024 | 3 replies
Each type of loan has its own features, benefits, and eligibility requirements, so it's essential to carefully evaluate your financing needs and options before choosing the most suitable loan for your commercial real estate project.https://www.amerimort.com/
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11 June 2024 | 21 replies
Essentially purchasing and converting a single family home into a home that will house 8-16 seniors and provide caregivers, etc.
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12 June 2024 | 14 replies
Since eligibilty is often hyper specific to a particular board, it is essential to get direct validation from that entity prior to even touring a property.
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11 June 2024 | 2 replies
They forged documents, have the assessor for king county as one of their CEOs (my property was in Clark county WA but my property title was changed in King county WA where he WAS the assessor) hsbc had to pay me and countless others for bad foreclosure practices and that caused them to go bankrupt and my loan was floating and I essentially owned home free and clear due to terms of the contract stating that if loan was to be sold that hsbc my husband and I and the new proposed lender had to all meet in person and sign new paperwork permitting the transfer of the loan which never happened.
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10 June 2024 | 0 replies
Assets identified in this study include:Concrete paving and paversFencingEquipment padsConcrete sidewalksLandscapingThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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10 June 2024 | 2 replies
But are there any good 'rules of thumb' behind this principle?