Russell R Massey
Tax Lien Sale Courthouse Steps - Really weird - Why did this happen????
21 November 2024 | 24 replies
That's what gets people killed.https://www.nbcdfw.com/news/local/mexican-cartel-leader-link...
Lucas Schlund
How Much Cash Do I Need To Put Into My First BRRRR and How Much Should Be Financed?
21 November 2024 | 23 replies
Please do not hesitate to schedule a time with this link to discuss further: https://calendly.com/tycoutts
Waylon Bruce Moore
How 2 sell cash-flowing Renovated SFH Mid-Term Rental (4/2) + separate studio
11 November 2024 | 6 replies
The first link to the property does not show the additional studio.
Rachel Chioreanu
I am looking to hire contractors for a fall project and wondering if I need a gc.
13 November 2024 | 8 replies
Remember to trust but verify all information you receive, that includes me lol.here's a link but please do a deeper dive. https://www.state-contractors-board.com/michigan/
Kylie A.
EA OR CPA Whats the best in your opinion?
18 November 2024 | 15 replies
@Joshua Thompson already linked the long post that I wrote to answer your question:https://www.biggerpockets.com/forums/51/topics/1215989-expla...Based on your subsequent comments, you missed the point of my post: it DOES NOT matter whether your accountant holds a CPA or an EA designation (or neither of those two).
Michael Fischer
First time mid term rental.
14 November 2024 | 6 replies
Here's a link to the bill: https://beachrentals.penfedrealty.com/sites/default/files/ar...
Melanie Baldridge
What is recapture?
14 November 2024 | 10 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.
Vito DiIenna
Confirming Legal Status of a Multifamily Home in NYC
13 November 2024 | 7 replies
I've included a link to the HPD website below.
Kwok Wong
[Calc Review] Help me analyze this deal
10 November 2024 | 2 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi guys, I am looking to BRRRR out-of-state.
Sean Anthony
Jeff Swiecicki / JBS Realty - Fraudulent Realtor and Property Manager
20 November 2024 | 28 replies
I do not have concrete proof that all 30 investors in the group were scammed, but the private group’s name is “JBS—BS” and the link was only sent to supposed victims of the situation which is why I believe it to be true.By my count, there are 19 people (including me) in the group who have been actively messaging about negligence, mishandling of funds, fraud, and residual damages they are experiencing from Jeff.