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11 November 2024 | 8 replies
.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!
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11 November 2024 | 65 replies
This was the big issue I had with Clayton Morris making millions upon millions in fee's without being licensed..
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20 November 2024 | 45 replies
Well today 2 to 3 million for the exact same house.
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10 November 2024 | 8 replies
There are a million different strategies.
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9 November 2024 | 23 replies
My Partners and I have been buying Brooklyn small multi's (2 to 4 Unit buildings) since 1998.We currently own 9 of these buildings in various neighborhoods including Clinton Hill, Bed-Stuy, Windsor Terrace and Ditmas Park.Total Assets would be somewhere between $15 and $20 Million in the portfolio.Every since we bought the first property, which was in Ditmas Park for $340k in 1998, everyone told me it was crazy.I continue to hear how crazy I am to continue to buy every one or two years since 1998.That $340k Property in Ditmas Park is worth $2 Million today.
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16 November 2024 | 32 replies
I'm also sure a million things get reported out of spite every day and mods are left looking at a legitimate post for no reason.The bigger any forum or group gets, the more spammers.
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8 November 2024 | 3 replies
Currently the ARV is $1.5 million.
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8 November 2024 | 31 replies
There's well over a 1 Million bed shortage right now, and due to the aging 77 Million boomers, the demand for assisted living will continue to outpace supply by over 3.5X.
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7 November 2024 | 5 replies
If my wife and I own our own house which have appreciated well over 1 million, and I would like to use a 1031 exchange in order to defer taxes - I have these questions, let's assume we purchased it for $1 million, and it's now worth 2 million dollars and I lived in it for the past 3 years as my primary residence.1.
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9 November 2024 | 5 replies
As expected, a million questions and doubts that I've been working through. :)One thing I have wondered about is around Water Softener salt.