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24 October 2024 | 0 replies
How did you finance?
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24 October 2024 | 3 replies
My question to you is ... just how bad is this area?
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21 October 2024 | 16 replies
This could be a massive undertaking (ask me how I know)
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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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22 October 2024 | 7 replies
Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?
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20 October 2024 | 6 replies
Now since im still kinda new, I'd like to know 1.
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20 October 2024 | 35 replies
Let me know if you'd like to receive info when we come across a deal.
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23 October 2024 | 1 reply
Talk to the current owner to see how long the leases have been in place and the look up local laws to see what happens when the original lease ends (typically 1 year) and what happens if no end date is stated.
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17 October 2024 | 3 replies
How come realtors always say it’s a good time to buy?