Julio Gonzalez
Benefits of a Cost Segregation Study on Warehouses
15 October 2024 | 0 replies
Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.
Joseph Braun
Should I avoid Baltimore?
19 October 2024 | 30 replies
and yes, i would recommend being in a strong financial position with substantial reserves.
Franklin Marquette
RSO Rental Rate Restrictions on Renovated Owner/Occupant Unit
13 October 2024 | 2 replies
Hey Franklin,Generally, if a new unit is created through substantial rehabilitation or conversion, it may be considered a "new construction" unit and therefore exempt from RSO rent control.
Craig Jones
State Farm for STR insurance
13 October 2024 | 24 replies
If you have substantial personal use of the property but it's not your primary, then a second home policy with this endorsement might work.Big picture, don't misrepresent how the property is used to the agent or underwriter.
Max Bellino
Anderson Business Advisers Asset Protection
15 October 2024 | 26 replies
It appears to be that their focus might lean more towards collecting money rather than providing substantial support and outcomes.
John Teabout
Strategy for cashing out investment property with conventional mortgage
15 October 2024 | 6 replies
More importantly, the property has already appreciated substantially and we want to pull out what capital we can now so we can start scaling up.
Ryan Rabbitt
Employer does not match 401k - should I invest?
14 October 2024 | 24 replies
Because after contributing for 20 or 30 years, the account value has grown substantially (at least we hope so).
Kevin Sobilo
SD Roth IRA Investing In Syndication - Transfer Depreciation?
16 October 2024 | 10 replies
Depreciation is typically allocated according to the ownership percentages outlined in the partnership or syndication agreement, which are set in advance and follow certain rules under the tax code.However, some syndication structures can be designed with different classes of partners or special allocations, but these arrangements are subject to complex tax rules, such as the "substantial economic effect" rule under Section 704(b) of the Internal Revenue Code.
Maria Walsh
Florida Rentals-minimal lease terms and location
14 October 2024 | 13 replies
These additional costs and formalities can be very substantial and time intensive.
Rys F.
LVP bulk/wholesale Illinois
11 October 2024 | 10 replies
Thanks @Jonathan Klemm, it's been a few weeks and as sole proprietor/GC, haven't been able to get an account with MSI yet though the intake rep said it would be possible w/o a business.