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5 September 2024 | 26 replies
Interest rates are up, and look at these forums: there is less demand for real estate, particularly anything with an investment purpose.
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6 September 2024 | 11 replies
I would like to add what qualifies you are a short term rental investor that can take advantage of this "loophole" below: The short-term rental (STR) tax loophole allows property owners to classify rental income as non-passive, enabling them to take advantage of certain tax benefits even if they don't qualify for Real Estate Professional Status (REPS).
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9 September 2024 | 12 replies
There are various ways to do this in QBO, but this is how I typically do it for myself and my clients in the Chart of Accounts.Real Estate Owned> Land> Buildings> Closing Costs> Capital Improvements> > CapEx 5 years> > CapEx 15 years> > CapEx 27.5 years> DepreciationOnce the tax return comes in I will adjust for depreciation.
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9 September 2024 | 5 replies
(referrals would be appreciated)I suppose the settlement agreement executed Feb 6th prevents me from assigning the mortgage in his name to the probate estate… However, I’ve read that since he’s deceased I could potentially assume that mortgage at the 1.6% that’s locked in… if I knew or if that was the case I certainly wouldn’t have sold… Purchase $1.4 2021Mortgage $260k @ 1.6%Improvements $187kSale $1.985 2024Commission total: $3.5%
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5 September 2024 | 0 replies
https://www.zumper.com/blog/rental-price-data/Hey Real Estate Investors,Here is the latest rental trends report from Zumper.
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5 September 2024 | 11 replies
Perhaps you could say I am an experienced property investor, but I have precisely zero experience purchasing real estate in your country.
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6 September 2024 | 13 replies
I really hope they figure out a way to extend this in the future because it’s a huge benefit for real estate investors like us.
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5 September 2024 | 0 replies
I am a real estate broker and have access to market data for valuations.
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7 September 2024 | 9 replies
To navigate these complexities and ensure you’re optimizing your tax strategy, it would be wise to consult a tax professional who specializes in international taxation and U.S. real estate.
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5 September 2024 | 0 replies
The acquisition was financed by JLL and TPG Real Estate Finance Trust, with The Mogharebi Group representing the seller.Bascom’s continued investment in the region underscores its commitment to growing its multifamily portfolio, especially in fast-growing markets like Bakersfield.