12 November 2024 | 4 replies
Hi BiggerPockets Family,I am looking to insure a triplex that I own in Philadelphia which is under my LLC.
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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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11 November 2024 | 0 replies
What made you interested in investing in this type of deal?
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11 November 2024 | 10 replies
This is incredibly common in Philadelphia's market if you don't invest in the correct neighborhoods.
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11 November 2024 | 5 replies
Has anyone had dealings with a company that places disaster victims in temporary housing?
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12 November 2024 | 2 replies
The deal sounds fine overall as long as they are in good shape and you can move and rent them on your existing land, but do you want more mobile homes?
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11 November 2024 | 6 replies
Since you’re eligible for the capital gains exclusion, selling now would let you cash in on the $200K appreciation tax-free, avoid ongoing negative cash flow, and put the profits to work in cash-flowing investments closer to you.
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12 November 2024 | 2 replies
Facebook groups have useful information, but tend to be about 75 percent spam or sham so you have to be careful in there.
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11 November 2024 | 13 replies
Washer and dryer connections in each unit.
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11 November 2024 | 13 replies
There is lingo, people, and anaylsis that are done in the commerical space that in my opinion felt a bit more difficult.