Julio Gonzalez
Cost Segregation on Condo
6 October 2024 | 0 replies
Assets identified in this study include:Permanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileThis 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.
Wayne Chou
My 1st Multifamily - Thoughts and guidance to help gut-check my buy matrix
4 October 2024 | 4 replies
@Wayne Chou, as Greg notes, it would be helpful to see more of your calculations and how you derived them.As for what is reasonable, this can only be determined by you.
John Prorok
No responses from syndicator
4 October 2024 | 17 replies
Also in Form C, it's stated that the source of funds for purposes of making distributions is immaterial.
Brian Scott
Determining cash flow while house hacking ?
4 October 2024 | 8 replies
I was able to withhold less from my W-2 income in anticipation of these savings, providing me cash flow in my pocket each time I got my paycheck.It could be beneficial to engage an accountant to help you assess the cash flow and determine if you are maximizing potential cashflow derived from taxes!
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
So this would require me to manually log in to transfer money to my actual bank anyway for distributions or to receive funds for improvements or whatever.
Peter ODougherty
Buying a grandparents home to flip?
7 October 2024 | 9 replies
A transparent approach will go a long way in making sure no one feels left out or taken advantage of.Purchasing the Property: Since the home is currently in a trust, after the grandfather’s passing, the property will be distributed based on the trust terms.
Uri Frodis
Wheelbarrow Profits Academy with Jake and Gino
11 October 2024 | 40 replies
., @Allan Gonzaga, based on the conversations I've had with several members of the Jake and Gino community, the community is distributed across the country and getting value from the community wherever they are.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
Since the AVAF1 fund stopped distributions, I got much better at evaluating the numbers.
Cris Lowe
ROBS 401K Rollover - Buy and Hold
3 October 2024 | 4 replies
Cris, you can't pay yourself from a self-directed IRA from the cash-flow but you could take a distribution from the IRA.
Brandon Craig
Should I sue?
7 October 2024 | 12 replies
These documents should outline the terms of the investment, including timelines for refinancing, distributions, and the rights of investors if things don’t go as planned.