Garrett Tjoe
ADUs and utilities question East Bay California
11 June 2024 | 12 replies
In speaking with the building department's engineer, they informed me that in the event that the ADU has a separate address, it requires separate meters from PG&E.
Brent Bagen
Bookkeeping / management app
12 June 2024 | 4 replies
I can quickly create bank accounts for each property, the categories for tagging your transactions align perfectly with your Schedule E for taxes and I can do all of my tenant related functions like tenant vetting, lease creation and collecting deposits and rents.
Tylere Weaver
Holding the note to defer the capital gains.
12 June 2024 | 3 replies
The only way I know of to do a 1031 would be to do e exchange today.
Dan Powers
Point Breeze 2000 Sqft Flip
10 June 2024 | 0 replies
Biggest challenge I would say was deciding if my investor was going to keep it 2 or 3 stories, obviously a large investment to begin but my investor decided the juice was worth the squeeze to go 3 stories up.
Eric Clapp
Getting Started in my Real Estate journey!
10 June 2024 | 12 replies
(Now, if you can do an STR or MTR, you can juice your rental numbers, but you're also doing a little more work.)To me, appreciation is the real money-maker in real estate.
Wade Wisner
RE Investor with 52 years experience.
12 June 2024 | 24 replies
I want to continue in the real estate investment game as it gets my juices flowing and I love it.
Carlos Ptriawan
as unemployment would be 100% going up next year and higher chance of recession
20 June 2024 | 245 replies
The S&P 500 is at its upper P/E range of 25.
Matt W.
Help me understand depreciation recapture!
12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.
Diego A.
Syndication vs Partnership
12 June 2024 | 15 replies
The GP & LP portal keeps everyone organized, the SEC-compliant CRM ensures you stay on top of regulations, and the built-in e-signing saves time and hassle for everyone involved.And here are a few additional tips to help you team up with the right lawyer:Search Online: Look for real estate lawyers who know syndications and partnerships inside and out.Interview Time: Chat with them about their experience and make sure they understand your goals.Specialist for the Win: To get the best possible guidance, focus on lawyers who specialize in real estate law.
Mike Adams
Owner-Built Home Sold As New Construction?
10 June 2024 | 11 replies
So, they will be paying that. e) How are you claiming deception when they have clearly they deceived you?