Niklas Zhu
Cost segregation recapture on a teardown property
27 January 2025 | 2 replies
However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.
Rob Hilton
Dynamic Pricing leads to Accusations of Price Gouging in JT
29 January 2025 | 11 replies
As many of you know, Pricelabs adjusts rates based on days of the week and seasonality.
Logan Rhea
Thoughts if this property flip Scope of work is too low
23 January 2025 | 5 replies
Not sure what ($139.11) Wall plate covers $1.62 Garage door balance $1,185.01 Cheap paint brushes $3.89 Drywall anchors $8.21 Door finishing $1,400.00 Wall plate covers $5.48 Shelve brackets and air filters $60.58 Stair refinish $560.00 Door handles-dummy $41.30 Door handles-dummy, angle finder, Paint for countertops $123.40 Front door handle $152.55 Door finishing $350.00 Window balance $10,993.20 Landscape lighting $246.15 Fixing exterior lights and plugs in office $150.00 Door stops and towel hanger $20.83 Ring doorbell $65.84 Light bulbs for chandelier $43.88 Hanging chandelier $49.00 Hanging chandelier $462.50 Vent cover $19.68 Gutter extender $6.16 Mailbox $447.21 Landscaping-Wanderwolfs $119.63 Landscaping $932.88 Gutter extender, 2x emerald green $110.43 Pebbles/mulch $86.54 Paver $125.12 Landscaping $521.31 Landscaping, gutter pop up $403.93 Landscaping-adjustment for 20% discount ($89.78) Beach pebbles, garden staples, Insect killer $135.59 Emerald Greens $72.94 Pebbles/mulch $100.06 Returned Festuca grass ($16.64) Mulch $11.49 Paver $41.71 Mulch $10.38 Front tree $900.15 Fence $5,690.00 Fence stain $667.05 encapsulation $3,165.63
Craig M
wrap mortgage - how would you structure this?
19 January 2025 | 10 replies
Instead of doing a 3-yr bullet you may consider making the note adjustable at 1% escalation annually past year 3.
Kenyatta Barthelemy
Starting out in New Orleans/ Baton Rouge
27 January 2025 | 21 replies
It gives terms identical to a VA loan and is specifically for multifamily purchases.It is a deal by deal basis.
John Zhang
Is there a dollar limit on how much we can use real estate depreciation to offset W2
30 January 2025 | 4 replies
Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.
Thanh Lu
For owners, self management vs hiring a vacation rental company?
28 January 2025 | 17 replies
As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.
Josh Ball
How often do you update your STR listing photos?
28 January 2025 | 11 replies
I don't adjust my photos a lot except for redesigns.
Nina Erlandson
Has anyone used Obie Insurance?
28 January 2025 | 56 replies
The carrier rating for Obie policies range from A+ to A-.You are probably aware that many carriers are leaving the State of California due, in part, to the significant regulatory challenges they have with making adjustments to their products that the state always has to review and approve.
Franklin Marquette
ADU Valuation | LA County
23 January 2025 | 6 replies
Some appraisers will combine the square footage and go that route and make adjustments.