Horacio Gutierrez
Depreciation after 1031 exchange
26 March 2024 | 15 replies
(The tax has been deferred, not eliminated.)Some people have been know to avoid this by...Dying while still owning the last property (capital gains and depreciation recapture go away.)Moving in to the last property as their primary AFTER it no longer functions as a rental.
Joe Arida
Whole House Water Filter?
26 March 2024 | 12 replies
I'm not that professional but I think a whole house filter would filter particulates like dirt but not chlorine. for chlorine you might need a reverse osmosis system for a specific drinking water tap to eliminate the taste as it's not practical or efficient to put an RO on the whole house supply. if skin issues from bathing are a problem you might need a softener. sometimes when kids have eczema doctors actually prescribe "bleach baths" where a small amount of chlorine bleach is added to the bath water. also many of the water treatment systems can be rented so maybe just rent it while they are there. regardless, proceed with data. water test, pediatrician diagnosis (if it's legal to ask for, no clue), and a system that is right for the application. sounds like the tenant is willing to help out which is awesome.
Eric Andrekopoulos
Investor Off loading portfolio but doesn't want to seller finance.
25 March 2024 | 16 replies
When he dies then his children get the properties tax free - the tax is eliminated!
Cole Simpson
Thoughts - Best And Worst Passive Income Ideas?
26 March 2024 | 11 replies
Additionally, this structure eliminates the need for active management, as the real estate assets within the DST are managed by the sponsoring entity.As an investor your level of activity would include collecting monthly distributions, receive quarterly reports on investment, file taxes annually and exchange DST year 7-10 years (sometimes shorter depending on the market).
Andrew Syrios
The Silent War on Landlords That No One Is Talking About
25 March 2024 | 3 replies
Under that law, you’d be considered a greedy slumlord engaging in oppression.Fortunately, that was mostly eliminated in 2019 and toned down here.
Joseff Stevenson
House Hacking? - Property Manager with $200k+ in Student Loan Debt
26 March 2024 | 22 replies
In the meantime, focus on improving your income, spending less/saving more, improving your credit, and eliminating as much debt as possible.
Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
I don't think today's ruling does anything to eliminate properties being listed on MLS.
James Wise
POLL: Pick 1 ---> Pay your Buyer's Agent or Go Directly to the Listing Agent.
29 March 2024 | 99 replies
This eliminates a lot of work for everybody.
Todd Powell
Question: Can you take two different LLC names and do 1031?
24 March 2024 | 19 replies
This can help eliminate some of the administrative costs associated with filing multiple returns in states that don't allow for a series LLC.
Account Closed
I have a few FSBO Questions
24 March 2024 | 25 replies
American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.