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19 January 2025 | 269 replies
Hi, Thanks Rui for your comments and the link.
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16 January 2025 | 13 replies
(that means I work for Airbnb as an independent contractor, a paid, by Airbnb, consultant to new Hosts).Here is my "tip" that I send to new Hosts:"Pricing is key and worth doing some homework.
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16 January 2025 | 0 replies
🎯Your QI should be:Independent from your transactionFree from conflicts of interestFocused solely on exchange servicesClear about their role limitationsPRO TIP: Per IRC §1031(k), your QI cannot be:Your agentYour attorneyYour CPAYour realtorYour relativewithin 2 years of the exchange!
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19 January 2025 | 4 replies
Winterizing Your Home: Tips for Draft-Proof Windows and Doors" – Offer seasonal advice."
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26 January 2025 | 28 replies
Fb link. https://facebook.com/events/s/real-estate-networking-meet-up/1131896835335565/Wednesday, February 19th at 6 pm.JJ cooper’s at 124 W Park AveLong Beach, NY 11561
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21 January 2025 | 2 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
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6 February 2025 | 12 replies
Best of luck Thanks for the tip Preston!
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13 January 2025 | 11 replies
Does anyone have any tips/ advice to help make sure my property will appraise for what I planned on based on my rehab?
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11 January 2025 | 11 replies
I'm going to follow this to see what tips folks provide.MikeHey Mike, I am actively investing there so feel free to reach out with any questions!
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6 February 2025 | 38 replies
I sent a few "connection" requests out this morning, but did not do any copy/paste nor did I link to any websites..