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12 November 2024 | 18 replies
This would give you up to 180 days to sell your relinquished properties and not have to stress the identification time frames.
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17 November 2024 | 32 replies
my ex tenant was picked up for smoking pot - I wasn’t held liable for that.
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20 November 2024 | 2 replies
I have a few thoughts on the above neighborhoods...
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10 December 2024 | 0 replies
We found this one on the MLS How did you finance this deal?
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23 November 2024 | 11 replies
Welcome to the BiggerPockets community, Priya!
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11 November 2024 | 4 replies
The beneficiaries are all hidden from 'adversaries' who may want to sue you, but you must pierce that veil of protection when it comes to lending.
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22 November 2024 | 10 replies
Quote from @Collin Hays: I love micro-managers who step over dollars to pick up dimes!
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21 November 2024 | 6 replies
. :) dont know the answer but if I was guess there is probably some lenders that do it with sufficient equity.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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14 November 2024 | 6 replies
Hi Sasa, welcome to the BP community!