Jamie Parker
Reinvesting in the business (How to structure paying self)
15 November 2024 | 17 replies
In my first stint in real estate, I thought reinvesting in the business was keeping the marketing engine running.
Phil Capron
Subdivision Development Questions...
12 November 2024 | 6 replies
if the timber is merch you should get a mill in there to bid on the timber.. hire a logger.. profit you use to knock the stumps out.your civil engineer should be giving you a preliminary cost to do infrastructure normally they will do these for free since they will be designing it all.. they would be the best bet anyone on line is simply a WAG
David Contreras
Re-subdividing land divsion
13 November 2024 | 5 replies
Probably requires surveyor, and engineer.
Melanie Baldridge
Understanding your depreciable basis:
13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
Williams Herrera
Newbie on Real Estate Investing
14 November 2024 | 8 replies
Hi There very excited to be part of this community, This is Williams Herrera a IT Engineer looking for the financial freedom, hungry to learn how to become a REI, I have saved 40k for my first deal but before that I would like to learn the most to minimize the risks and be able to get my first big deal.If you read this post please, share with me some advices and tips to get immersed in this RE world.
Grayson Grzybowski
Getting Advice with buying Real Estate
11 November 2024 | 16 replies
Currently I am an Engineer, so I do make good money.
John Herold
Best Practices for LVP Floor Installation
13 November 2024 | 3 replies
Hey John, I used be a construction engineer and installed LVP in own house.
Jonah Slove
Land Purchase and Subdivision Process
11 November 2024 | 9 replies
Ask the planning group to look at another subdivision plans and also ask the engineering firm for a similar set of plans to look through.
Shane Pearlman
[Timely] Tax appraisal changed property from 4plex to duplex / 2 townhouses?!?
15 November 2024 | 7 replies
Are we talking 10k for some hand waiving and reviews, 30-40k for the engineering reports / planning and submission, or 100k or more.