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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.
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28 January 2025 | 8 replies
These include drafting offering documents, adhering to ongoing disclosure rules, and audits, which can easily run tens or hundreds of thousands of dollars.
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17 February 2025 | 6 replies
This continued imbalance in housing supply to household formations and population growth.Changing Demographics and PreferencesPeople are also waiting longer to start families (Source), and people are valuing more the flexibility that renting provides in the remote work and online business era as well as the sense of community apartment complexes can provide in our digital and post-pandemic world where people feel less connected to the community than before (Source).
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27 January 2025 | 1 reply
.: Hi,Is there a way to download specific addresses for houses in a certain area online?
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28 January 2025 | 8 replies
This comes from a 2017 City document, but it seems to be current.http://www2.oaklandnet.com/oakca1/groups/ceda/documents/report/oak050966.pdfA real pity, with the severe lack of housing in Oakland.
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2 February 2025 | 9 replies
@Greg Scottin these instances I would say thank you and we accept your offer to return your deposit and will send over a lease cancellation document for execution
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17 February 2025 | 17 replies
Quote from @Chris Seveney: @Charlene Kingsnorth have you had an sec attorney also review what you are doing as if you're are having multiple people as part of a loan participating in it depending on the state this could get you in hot water - so be careful good point Chris some state allow fractionalized deed of Trust mortgages other do not or require PPM like documents prior to offering them..
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29 January 2025 | 8 replies
Can't find much online....
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27 January 2025 | 8 replies
They wanted me to append the 3 plans into a single document.
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1 February 2025 | 14 replies
It was supposed to be dealt with in December, but I can't find anything online to it being completed?!