Donyea Jenkins
Off market and fix and flip - Team Building & Advice
29 January 2025 | 1 reply
I would love to talk with a lender to get a better handle on the products that help investors BUT in my strategy, I am leaning toward NOT using hard money at first(if I can avoid it).
Bryan Christopher
Post sale - Buyer making legal threats about an appliance
17 January 2025 | 7 replies
Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.
Daniel Amsalem
Please help keep northern VA STR-friendly
17 January 2025 | 10 replies
A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?
Cathy Ries
Is it worth tax planning before acquiring rentals?
29 January 2025 | 2 replies
As of now, I can see tax planning being beneficial to handle 2 people filing as single because we have to figure out how deductions from the mortgage will work.
Jeremy Beland
A Hard Lesson Learned from Our 2022 "Scary House" Flip
16 January 2025 | 16 replies
The owner, a family member of one of our buyers, inherited the property through probate, but they weren’t equipped to handle the renovation.The house had been left in disrepair for quite some time, with the previous owner struggling with mental health issues.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
The title company will handle clearing the title but won’t manage personal agreements.
Kyle Kulhanek
Retitling a property to an LLC - Chicago
23 January 2025 | 7 replies
Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
I highly recommend them to handle all the business structuring.
Bruce Reeves
Sell rental now?
16 January 2025 | 6 replies
The other non-math issues I'm good handling myself.