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23 February 2025 | 3 replies
This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.
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21 February 2025 | 4 replies
It's a business decision for you to make, everything has pros and cons.Yes, just list on STR sites with 30 day minimum, simple and done.
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11 February 2025 | 11 replies
Give your state's 'cure' term ("In New Jersey, a tenant has three business days to pay rent and court costs after a judgment of possession is issued to avoid eviction.
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14 February 2025 | 8 replies
Congrats on getting started with the STR business.
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10 February 2025 | 5 replies
You will find that every PML has a different business model.
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26 January 2025 | 51 replies
Always good to see how each sponsor is structuring their deals as well.
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2 February 2025 | 13 replies
In CA, you are legally required to have a CA LLC if you are "conducting business in CA".
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14 January 2025 | 5 replies
Thats why you see lack of ADA compliance in small businesses.
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5 February 2025 | 1 reply
Your new place should turn into your new business location as well.
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12 February 2025 | 2 replies
Great day to all,I've just been soaking up all the online youtube videos from Bigger pockets one after the other and I've made the determination to scale my business massively using the multifamily addition into our (wife and I) portfolio.