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19 November 2024 | 8 replies
Together, they have a lot of units in play there and have done very well with long-term rents and mid-term as well.
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19 November 2024 | 12 replies
The passive losses will be valuable when you sell a property assuming it’s sold at a gain and you don’t want to do a 1031.
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19 November 2024 | 10 replies
This would be a great strategy.
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19 November 2024 | 2 replies
It is a new construction home in an up and coming area.
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19 November 2024 | 6 replies
So ask your CPA for a walk-through.
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19 November 2024 | 7 replies
We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?
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19 November 2024 | 4 replies
Because I park it at home and we cant have a business vehicle parked at home .
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19 November 2024 | 3 replies
@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.
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30 October 2024 | 11 replies
I have a property that I need to refinance into a 30 Year Term.
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19 November 2024 | 2 replies
I’m Christian Dozier, a licensed real estate agent with The Nate Evans Group/EXP Realty, proudly serving the Champaign/Urbana area.