Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!
Corbin Wright
Advice please! I have a somewhat tricky question regarding AirDNA!
12 January 2025 | 8 replies
You do need a subscription to study the comps FYI.
Richard Benjamin Wilhite
1031 Multiple Lots into 1 or more Multi Family Property/ies
16 December 2024 | 6 replies
@Richard Benjamin Wilhite, @Bill B.makes some good points about loan terms and the strict identification rules for a 1031 exchange.I would add from a tax mitigation perspective that buying the largest property possible will give you the greatest amount of cost segregation possibility and at the lowest cost since it would be one study rather than several.
William Nast
The big dream: Aspirations of a young man.
10 January 2025 | 6 replies
Ever since that conversation I went on a deep dive of research and studying to figure out how to accomplish these wild ambitions of mine.She helped me get my first property when I was 24 years old, which we ended up selling after a few years and using the revenue to purchase another property.
Mitchel Johnson
College Senior- Advice on Multifamily/ House Hacking
29 December 2024 | 3 replies
I will start work with EY as an auditor in the fall and have recently begun studying for the CPA exam.
Kyle Carter
New company in area
9 January 2025 | 4 replies
A lot of research and studies have come out around high paying jobs make large impacts.
Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
To clarify, I have been studying real estate for several years, but have been otherwise engaged in operating other businesses that my wife and I both own, both as CFO and CEO roles.
Jorge Abreu
💰 Raising Equity: The Most Stressful Challenge
26 December 2024 | 1 reply
It requires careful planning and diligent execution.
Andreas Mathews
How Can I Gain Property Management Experience
10 January 2025 | 4 replies
See what qualifications people are looking for and do what you have to in the meantime to produce income while you're studying.
Arthur Crum
RAD Diversified SCAM ALERT!!!
12 January 2025 | 220 replies
Anyway, please feel free to do your own due diligence but it looks like we all got got.