Chris Blackburn
Tax credit 45L for a 90 unit or 112 unit project? What should it cost?
22 January 2025 | 1 reply
Key Details of the 45L Tax Credit:The credit offers up to $2,000 per eligible unit for builders and developers of residential homes that meet specific energy efficiency criteria.To qualify, the units need to meet or exceed certain energy performance levels in comparison to the national model energy code (e.g., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.
Kevin Waymire
Asset Management Help!
24 January 2025 | 6 replies
It can make leasing a bit harder since you will have more vacancy when those come do but it will all be in peak season.With respect to the hiring decision, you would need to hire someone to replace you (perform the same functions you currently perform) so that you continue to work up the ladder (spending more time on higher value tasks).
Kiryl Ulanovich
Step by step process for fix and flipping
30 January 2025 | 5 replies
Perform a home inspection4.
Anthony Simeone
Gainesville STR Market
23 January 2025 | 14 replies
We have a niche market due to the hospital and university which has pros and cons but my properties have continued to perform well for me.
Niklas Zhu
Cost segregation recapture on a teardown property
31 January 2025 | 3 replies
If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.
Kedric Naylor
Propertyunder contract closing keeps getting delayed do to estate title issues
30 January 2025 | 4 replies
We can't advise you to walk away or negotiate concessions without knowing any other information about the deal.
Travis Gutting
What is the best method for finding properties?
31 January 2025 | 10 replies
However, that one is in a rough part of town that I have been advised to stay away from.
Brittany Daubner
Florida Property Manager
29 January 2025 | 14 replies
How do I know which questions to ask to ensure the property manager is performing at its best?
Joshua Nichols
21 Year Old Flipper
28 January 2025 | 6 replies
Quote from @Joshua Nichols: Quote from @Jaron Walling: @Joshua Nichols I'd take @Travis Timmons advise to heart and think about the challenges associated with flipping RE.
Kyler Tarr
Knob and tube wiring
27 January 2025 | 18 replies
Any advise is greatly appreciated on the subject!