Eli Edwards
Ale Solutions/ Relocation Specialist Contacts
12 January 2025 | 0 replies
Is there anyone here that is currently working for Ale Solutions or any other company similar working as a relocation specialist?
Melanie Baldridge
A post on recapture.
21 January 2025 | 2 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
Danielle B.
Out-of-State - Ohio Section 8 Housing
29 January 2025 | 22 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
., to the best of my knowledge a Wyoming LLC can own property in any state, however the LLC must register as a foreign entity in that state.
Gregory Schwartz
"Am I experienced enough to raise outside capital?"
29 January 2025 | 32 replies
Build a solid foundation before taking a step up - each and every step of the way.There’s a way to scale recklessly and there is a way to scale safely.When OPM is involved safe is way better than reckless.Despite a life long career in RE, I scaled as followsBought a few duplexes for my own accountBought a fourplex for my own accountBought 12 units as a JV with some friendsSyndicated 43 unitsSyndicated 30 unitsBought another 12 units as a JVSyndicated 281 unitsThis was over a 3 or 4 year period.and so forth - now I am GP in close to 1000 units with $125M AUM.Even with all that, my sweet spot is 30 to 50 unit properties - they work best for my partners and I and more importantly our investors.
Mackaylee Beach
2024 was a great FLIPPING year
15 January 2025 | 2 replies
As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals.
Aileen Sanchez
First lien HELOC with First Savings Bank
15 January 2025 | 4 replies
Hey Aileen,I'm considering First Savings Bank as a 1st lien HELOC, I didn't find much information/reviews.
Michael Ewers
Marketing Strategy Off Market Leads
12 January 2025 | 21 replies
Quote from @Taylor Dasch: Quote from @David Lecko: Quote from @Preston Dean: @Chris SeveneyI've heard deal machine as a sponsored ad on the BP podcast years ago.
Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.