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29 February 2024 | 8 replies
My understanding in this matter, there are several options for selecting the home basis for a cost segregation study:A.
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29 February 2024 | 6 replies
This method is not only practical but also reflects a deeper understanding of the property's income-generating potential.Also, we cannot leave out banks in this equation as lending practices in the real estate sector also align with this approach.
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29 February 2024 | 2 replies
I personally own a personal home for the past 7 years so I kind of understand what can go wrong and things of that nature besides being a landlord, I never rented where I live just yet.i do agree with you, I’m still okay with going after a single family especially if it’s a great deal, why pass on it but, I do want to take it easy whether it is a single family or not, a duplex would still be a little considered easier compared to like a triplex or a quad.
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29 February 2024 | 18 replies
(copy/pasting from other thread full disclosure - sorry always seems odd to me not doing original composition LOL)@Samia Moughanni - Hi Samia!
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29 February 2024 | 9 replies
@Danielle TranI am a loud critic of transferring properties to LLC’s when it is residential, but for commercial properties I do recommend those be held in a LLC.I would speak to you accountant and an attorney in regards to understanding the tax consequences as well as the attorney regarding liability of the commercial property.
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29 February 2024 | 9 replies
This is the first year my prior home became a rental and I understand that depreciation is only for the value of the home.
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29 February 2024 | 6 replies
Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.
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29 February 2024 | 7 replies
So If I understand this I would be looking at base rate +4.125 then whatever additional rate the lender is adding on, minus points to buy the rate down?
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29 February 2024 | 8 replies
Due to my other business, I know good contractors/subs, understand contracts/scope of work/etc and believe I can fill in any gaps through REIA networking if need be.
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29 February 2024 | 3 replies
I’m 22 and was never really involved with out of state affairs so I’m just trying to get an understanding of what happens after things like this.