Purchase price: $58,400 Cash invested: $58,400 Sale price: $70,500 Buy and Hold Project - Valencia, Spain57sqm, 3 beds, 1 bath, liftList Price: €64,000Sold Price: €53,000Offer Date: January 24, 2018Closing Date: March 14, 2018Condition: Vacant, full renovation needed Agent Commission: €3210 (6%)9% ITP Tax: €4770Lawyer Fees: €1000Notaria/Gestoria: €874Total Closings Costs: €9854Rehab (Reforma)Labor: €21,145Carpentry (kitchen, cabinets, side tables): €1900Windows: €1771Materials: €12,775TOTAL PURCHASE + REFORM = €96,774 What made you interested in investing in this type of deal?

It existed before the tax reform, and it still stands.What the tax reform changed is the ability to deduct HELOC interest on Schedule A, as a personal itemized deduction.

Horrible market because tax reform, S&L crisis, oil prices, etc.

So now real estate moguls with lucrative day jobs or bountiful capital gains from other investments can go back to living tax-free, the Kushner way, before limits were put in place as part of the 2017 tax reform bill.It gets worse, if that's possible.

So now real estate moguls with lucrative day jobs or bountiful capital gains from other investments can go back to living tax-free, the Kushner way, before limits were put in place as part of the 2017 tax reform bill

Bonus may be another matter....This is uncharted waters to some extent - tax reform changed the 1031 exchange rules and only allows them for real property being exchanged.  1031 exchanges do not allow personal property to be exchanged which is eligible for bonus so that is likely why he has created his position. 

I cannot reform the whole industry, but I can absolutely control what happens within our doors.The Myth in the Math:INCOME (estimated):Average rent in our market is $1,200 a month218 doors X $120 per door = $26,160 X 12 = $313,920Most of our residents stay 3 or more years.

…This is really a protest that’s aimed at the government.”A number of New York-based tenant groups that have had some recent success pushing for rent-related reforms, including the Upstate/Downstate Housing Alliance and New York Communities for Change, called for a statewide strike of 1 million renters earlier this month.About one-third of U.S. households are renters, and nearly half of them were paying more than 30% of their incomes on rent and utilities before the coronavirus pandemic struck, according to the Harvard Joint Center for Housing Studies.

S-corps are not as popular as before thanks to tax reform of 2018.S-Corps do bring with them some additional compliance costs(Corporate formation, payroll tax returns, s-corp tax returns).If you go ahead with it - make sure the savings are greater than the additional costs/headaches.Speak to your CPA before proceeding.

The change is FEMA maps and the Biggert-Waters reform: http://www.floodsmart.gov/floodsmart/pages/bw-12.jsp have a huge impact on flood insurance rates.