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30 August 2024 | 15 replies
Remaining anonymous doesn't help much because an attorney will know how to track you down.
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31 August 2024 | 11 replies
It would be my way of helping other professionals become successful without having to reach as deep into their pockets as the current marketplace approach affords.Any reason why I should not create open source building plans?
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30 August 2024 | 6 replies
Working with an existing space helps both expedite the process and save money.
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29 August 2024 | 13 replies
This will help you determine if you're on the right track or need to make adjustments.
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23 August 2024 | 7 replies
Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?
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29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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29 August 2024 | 14 replies
@Bob Gruenig it might help if you could clarify what you're trying to accomplish with the LLC strategy.The most simple and common way to invest in a syndication is to put money as an individual.
30 August 2024 | 30 replies
@Mike SavageIf selling everything feels too costly, a staggered exit strategy (selling financing) could help reduce the tax impact.
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29 August 2024 | 6 replies
If anyone is interested or knows a person who is, it will help a lot!
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30 August 2024 | 5 replies
I am interested in building my wealth and need a great agent with amazing resources that can help me get the ball rolling.