Cate DeBates
Mankato Mixed-Use Investment (Retail, Multi-Family)
28 January 2025 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Marlena Hawkins
Property Management Insurance
29 January 2025 | 2 replies
Errors & Omissions (E&O) insurance isn’t legally required but is essential to cover claims of professional negligence.In Maryland, the requirements are similar.
Christine Garnier
Wholesaling: Difficulty Finding Reliable Corporate Cash Buyers
24 January 2025 | 0 replies
Hi Everyone,I am a professional wholesaler and property locator, I locate property on/off market, do a full due diligence on title, encumbrances, taxes ect...
John Chapman
Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
James Thompson
Transfer of property
4 February 2025 | 3 replies
Readers should seek professional advice.
Damini Dutta
Thoughts about S.H.A.R. or SCDC
31 January 2025 | 2 replies
They want to be full service RE professionals.
Hubert Seigneur
Floridinan new to REI - looking for out-of-state rental property
8 February 2025 | 25 replies
Excited to join the BP community and connect with other professionals!
Marcus Auerbach
Why getting into real estate primarily for cash flow is wrong - and even dangerous
8 February 2025 | 106 replies
Personally I am not finding deals that could support those strategies in my market today based on my current skills and available time.
Stan Ossias
Miami Beach 1BR condo - What an intro to becoming a landlord!
29 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Larry Bailey
New kid on the block
17 January 2025 | 4 replies
Now, your mind is ready to learn this new skill.