Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
. $66,763.What is his basis?
Jonathan B.
STR Depreciation/Bonus Depreciation Question
24 January 2025 | 11 replies
This is what the OP said:We're changing our plan for the property in 2024 and plan to rent it out for two of the summer months on a <7 day basis, but then also use it for a month ourselves.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
Whether it still makes sense will depend on how much you can defer vs. the basis.
Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.
Ilia Zakharav
Convert 6 unit multifamily into condos, 1031 after
9 January 2025 | 2 replies
Your basis in the entire property will be divided into each of the 6 units.
Kobe McDaniel
How to get Boomers to Sell
23 January 2025 | 2 replies
They will want to pass on the stepped up basis to their descendants and you want them not to.
Johnny Koch
Lenders for Fix and Flips Michigan
24 January 2025 | 1 reply
I would use an experienced broker who can shop around and help you compare best terms on a National basis.
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
Austin Wolff
Does Oklahoma really have the highest insurance in the nation?
11 January 2025 | 15 replies
Quote from @JD Martin: I would have to see actual data on a median & value adjusted basis to believe that OK is anywhere near Fl on a dollar for dollar comparison.
Dan Green
1st Position Heloc for Rental
13 January 2025 | 4 replies
Since there is a co-owner, you would have to purchase the property and it is really hard (if not impossible) to pull a HELOC as the basis for the purchase (since it is not your primary residence).