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11 June 2024 | 3 replies
It's opening up for "MBridge" and it opens the doors to other currencies including Crypto's and Bitcoin.
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12 June 2024 | 8 replies
In your case:Adjusted Basis = $300,000 - $36,364.36 = $263,635.64So, your profit for tax purposes would be:Profit = $400,000 - $263,635.64 = $136,364.36This is the profit you'd pay capital gains tax on when you sell the property.Regarding whether you're "adding to the profit" side of the equation or "deducting from the basis" side, it might seem like two sides of the same coin, but the way you account for depreciation and basis affects how you report it to the IRS.
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10 June 2024 | 8 replies
A Real Real Estate AnalogyI am starting my real estate adventure and I am trying to draw a comparison from paper assets (stocks, bonds, notes, T-bills, crypto, etc.) with real estate.For those who know a bit more than me (and i know this will vary by person) but what are corresponding "tech stocks" (AMZN, AAPL, NVDA, FB, GOOG, etc.) of real estate?
11 June 2024 | 5 replies
Now the minimum standards your basement has to hit for it to be able to count as assessed sqft not estimated is a height of 7 ft, a point of egress (bilco doors) and a window usually in the rear, It's one of those things where if your going to go through the process of digging out a basement you might as well go for it and dig it deeper then 7 and closer to 8 ft so you actually stand out compared to the competition.Now the other side of this coin which I would suggest is if you're willing to spend 40-50k on a basement dig, consider adding a 3rd story addition if your a 2 story (think master suite, walk in closet, master bath) or an addition off the back and add a roof deck if your a 3 story (either master suite or just additional bedroom).
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10 June 2024 | 3 replies
; c) invest in passive multi-family REIT type situation; d) stocks (or take a chunk of the $200K at least); e) some crypto I'll report back when my books get cleaned up for more clarity.
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10 June 2024 | 35 replies
haha , the answer is different, same question being asked in twitter or biggerpockets.BP army seriously needs to invade Twitter-land to convince people that residential real estate in Ohio is worth more than gold silver ;-) all these genZ just wanna do crypto
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2 June 2024 | 1 reply
Is there a recommended option for washer/dryer that doesn't require coins/bills but instead takes phone pay or a card, so that both tenants and prop managers don't have to deal with coins and bills?
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3 June 2024 | 56 replies
The bucket was halfway filled with South African Krugerrands and American Eagle gold coins.
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4 June 2024 | 4 replies
Are they being honest with collecting coins?
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3 June 2024 | 0 replies
Could I sell a piece of land in Louisiana for $840.00 paid for with $20.00 US Gold Coins (approximate value of $100k) and have the sale recorded as a $840.00 transaction as opposed to a $100,000.00 transaction?