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29 October 2024 | 1 reply
Has anyone used a Land Trust to own long term rentals? If so, any law firm or agency you can recommend to help with this?
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29 October 2024 | 2 replies
Hi Guys, am looking to do a house hack in Maryland. Does anyone have suggestions on lease agreement paperwork and how I can obtain one. I deeply appreciate the help.
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30 October 2024 | 0 replies
Texas is exploring several public-private partnerships to tackle housing affordability, especially as demand outpaces supply. Have you come across any interesting models or success stories that could be applied more b...
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13 November 2024 | 15 replies
However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.
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12 November 2024 | 15 replies
For example; young professional may trigger higher demand for smaller units.
12 November 2024 | 2 replies
I really would not be negotiating cash for keys now with the daughter at all..
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30 October 2024 | 0 replies
The single-story home, purchased by Lee as a gift for his daughter, boasts seven bathrooms, a pool, a movie theater, and a spacious entertainment deck.
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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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12 November 2024 | 4 replies
Quote from @German Sorensen: Feeling the Itch Again: Advice for Getting Back into Real Estate?
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13 November 2024 | 2 replies
I went back to the older sister and explained how the doorknobs would be part of the home’s charm for the next family, just as they had been for her.