At some point, you can start to receive payments( flexible). 3) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

A good accountant can determine how to account for the 70k received in the best tax advantaged way that makes sense for the transaction.

This benefit allows the owner’s estate or heirs to receive the property at a new, higher basis—reducing capital gains taxes if they choose to sell the property after inheriting it.In short, partial disposition allows tax deductions for retired property components during ownership, while the death step-up basis resets the property’s depreciated value, providing tax relief for heirs.

Vitaliy  Vitality, this has been the best reply I have received on this platform yet.

I have received recent quotes for LESTER building around 125k for a 40x80 so I'm doubling that , concrete not included.I feel like i can't loose with this strategy even charging $2 a square triple net for these units ?

@Tinia JamesIf you receive a 1099 showing income from one of your deals, you have to file a Schedule C to report that income.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

The dialer is an add-on to the app.I did verify you have received a full refund for your most recent $179 monthly fee as well as two $50 incremental charges back in September 2024 when you requested.I am eager to learn what else or where else we could have communicated better - I am open to suggestions.

Received!

I like the one that requires payments to be deposited in an escrow account:New York state law requires that consumers receive a written contract for home-improvement work that exceeds $500.