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15 November 2024 | 1 reply
You want to get a countersigned contract now with a closing date in February to lock it up.
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15 November 2024 | 10 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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12 November 2024 | 6 replies
You’ve come to the right place to connect with some vary smart investors.
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13 November 2024 | 4 replies
Buying an investment property in Las Vegas @Josh Salapare could be a smart move, especially if you’re set on moving there in a couple of years.
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13 November 2024 | 66 replies
New American Funding lost their contract.
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17 November 2024 | 7 replies
BUT, refinance/heloc/2nd mortgage appraisals do not have a contract price to help target the value you are seeking.
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14 November 2024 | 10 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
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21 November 2024 | 305 replies
We explain up front that everyone on the lease is responsible for the entire contract amount and note it several times in our lease.
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14 November 2024 | 21 replies
(although, with the new smart phone technology, they do require gmail accounts, as such, sending from that account from your phone is fine, but you should be sending to people who already know you have a real email account.
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12 November 2024 | 1 reply
Smart move leveraging hard and private money for flexibility, and congrats on the above-listing price escrow—shows strong demand for a well-renovated property!