Daniel Murphy
depreciation recapture / property transfer / divorce
30 July 2024 | 3 replies
You can find more info on 1031 exchanges at this link: https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-under-irc-code-section-1031Regarding the change of ownership from joint to individual, there might be a couple of ways to handle that depending on your state laws and the terms of your divorce agreement.
Marriene Boyles
Has Anyone Done Business With Invictus Cashflow?
30 July 2024 | 9 replies
They find and fix the deals and we sign the checks.The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.However, that is not at all what he did.In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did.
Paul Gutierrez
Open Door Capital Funds
1 August 2024 | 30 replies
Typical private equity funds have 80 / 20 splits above the hurdle rather than the 70 / 30 the fund is employing.
Manuel Angeles
Market Report: Retail in Los Angeles County, CA as of July 1, 2024
28 July 2024 | 0 replies
Premium properties in submarkets like Santa Monica/Westside and Culver City continue to command the highest rents, often exceeding $45 per square foot.Competitive Inventory, Employment, AbsorptionTotal retail inventory in Los Angeles held steady at 69,464,000 square feet in Q1 2024.
Sohail Ahmed Jokhio
Seeking Guidance for a 3-Year Roadmap to Start a Career in Real Estate
29 July 2024 | 1 reply
What strategies should I employ to build a professional network within the real estate community?
Michael Plaks
GRAY area alert: deducting real estate education
30 July 2024 | 23 replies
I know several people that are self employed that make anywhere from 90-150k a year and the deduct down to where they are making 30-40k a year.
Alan Asriants
NAR Settlement - HOT TAKES
9 August 2024 | 184 replies
Sellers will be paid to employ a bevy of tactics to undermine, hard negotiate, and undersell to unknowing buyers.
Rico Greenwade
Self Employed Looking for Options
26 July 2024 | 4 replies
Hello, I've owned my business since December 2021. I'm looking to buy a home now but larger banks such as NFCU seem to want tax returns that show lower DTI numbers, which is causing me issues as the accountant provid...
Breanna Green
First 1031 Exchange - Looking at a variety of markets
29 July 2024 | 6 replies
Income persistence requires that your tenants remain employed at similar wages.
Luke Siecinski
How to write off real estate education course purchased on taxes?
27 July 2024 | 5 replies
As a side note for education expense, you may deduct education that maintains or improves your current job skills or that is required by law or your employer - as long as the education does not qualify you for a new business.