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16 December 2024 | 11 replies
The county discovered I was renting out my home and property taxes more than doubled (lost homeowner and two other exemptions).
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17 December 2024 | 16 replies
3 recent national studies show that the rent to value ratio is at an all time worse (what they really studied was cheaper to rent than buy, but there is strong correlation).
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18 December 2024 | 11 replies
The solution I give them is to narrow their focus on a specific market, study it, and get to know what a good deal looks like.
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24 December 2024 | 25 replies
College used to be a lot more affordable, I studied in Europe (where college is free) and it blows my mind to see kids with 200k student loan debt trying to get ahead on a 50k job.The housing market has started to drift apart geographically.
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19 December 2024 | 22 replies
I'd also recommend diving into books, podcasts, and even attending real estate events to start learning more.Here:Learn the Basics: Study property types, financing, and market trends.Network: Attend events, connect with pros, and build relationships.Find a Mentor: Seek guidance from someone experienced in commercial real estate.Start Small: Look at smaller deals or partnerships to get your feet wet.Take Action: Once ready, start evaluating deals and making offers.
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17 December 2024 | 15 replies
@Dennis McNeely - my concern with getting a soils study is if it shows there's something really wrong with the soil, such as expansive soil, I would have to disclose that fact when I go to sell the property.
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11 December 2024 | 16 replies
Once the cost segregation study is complete, will I be able to take a full year of depreciation or only a prorated 4 months?
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10 December 2024 | 5 replies
You are going to end up out your money on this deal as soon as the bank discovers the note holder has moved and signed an agreement with you to sell.
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20 December 2024 | 20 replies
First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income.
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11 December 2024 | 6 replies
I’ve found success by networking at local meetups, connecting with real estate agents, and exploring online platforms to discover these opportunities.