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20 October 2024 | 14 replies
Job transfers and new jobs happen all times of years.
17 October 2024 | 15 replies
To prepare for maximizing bonus depreciation or conducting a cost segregation study, you can begin gathering detailed records of the property's assets and improvements, coordinate with a cost segregation specialist early, and consider any renovations or purchases of eligible equipment to align with tax strategies that take full advantage of the current bonus depreciation rates before they phase out.
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17 October 2024 | 26 replies
Both of these have changed with interest rates higher than in the last 3 years and technology making it relatively easy to track deed transfers.
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18 October 2024 | 37 replies
They don't want to manage another rookie employee, so make sure that you have something to offer them (be a gopher comes to mind, or a transaction coordinator).
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18 October 2024 | 8 replies
Hey@David Hertz. 1️⃣ Regarding a “subject to” on a hard money loan: It’s a tricky one because most hard money lenders will have clauses that make the loan due upon transfer of ownership.
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17 October 2024 | 4 replies
The buyer requested a transfer from his job to the city where the house is but now the job wants him to start work next week, I told him we can probably let him and his family occupy the property prior to the closing date.
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14 October 2024 | 6 replies
However, only the time you personally spend on managing or coordinating the property counts.
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16 October 2024 | 2 replies
Also discuss with your tax person if there are any type of tax hits you will take if you transfer the ownership from yourself to the living trust- state taxes as well as federal.A will can sit in probate for awhile, quite awhile.
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30 October 2024 | 236 replies
That being said I will admit that covering transfer taxes both times can hurt your bottom line.
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17 October 2024 | 10 replies
You would just need to coordinate cleaners and maintenance.Best of luck!