Maria Murphy
Buying NPLs - recos & resources?
23 September 2024 | 13 replies
Not sure if this is the case in all provinces because Catalunya, especially the Barcelona city government, is quite left and making it difficult for investors.
Christina B.
Service dog last minute disclosure
24 September 2024 | 15 replies
Your state may have laws that add to the federal FHA/ADA laws, as those laws are considered minimum standards. 3.
Philip M.
Best way to take over 54+ units from my father who is retirement age?
28 September 2024 | 19 replies
Furthermore, with the expiration of increased estate tax exclusions contained in the Tax Cuts and Jobs Act, in 2026 we could see a dramatic reduction of the federal estate tax exclusion by more than fifty percent.
Melanie Baldridge
Bonus Depreciation one of the best parts of RE Tax Code
23 September 2024 | 6 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
Nir Berko
Renovating a Property for Section 8 Tenancy
23 September 2024 | 10 replies
CMHA may have specific standards on top of federal HQS, like the age or condition of certain appliances or windows.Like everyone is saying.
John Micco
Short term rental build out
22 September 2024 | 0 replies
It takes a long time to develop land from scratch it is hard to do with all of the government regulations and codes.
Michael Belz
Question: Auction Purchase with Quitclaim Deed – Title Concerns
21 September 2024 | 3 replies
Are there other potential ownship interests, are there potential lawsuits, re there potential municipal/state/Federal pending claims, etc. etc. etc.
Henry Clark
Self Storage- Making an offer on land
24 September 2024 | 27 replies
They had to do it, otherwise many banks and commercial customers are at the point of refinancing and the Government itself is at a strategic debt refinance point; thus, if they didn't lower rates, it would have been a catastrophe short term.
Bryan Melendez
Section 8 Real Estate
20 September 2024 | 28 replies
@Bryan Melendez although section 8 is a federal program, each office is run by the local jursdiction.
Brandon Walston
Buying a tenant occupied
20 September 2024 | 3 replies
@Brandon Walston - Every state has their own landlord / tenant laws, but I think pretty much all of them (or maybe even at the federal level), you must honor the lease that is in place when you buy a tenant occupied property.