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12 March 2024 | 5 replies
No real need to sell, but will if they can get their asking price, or close to it.Third, cap rates are next to meaningless.
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12 March 2024 | 0 replies
Cost segregation lowers your property’s tax basis meaning you’ll have less basis to recoup when you sell the property.Check the box on “Substantial Improvement”: One thing that Opportunity Zones require is “substantial improvement” by improving your property by 50% or more of its purchase price.
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12 March 2024 | 4 replies
Going to be selling first one asap.. let me know what you are looking for and I can send you info on mine.
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13 March 2024 | 23 replies
The property is selling for around 500k, but the insurance is saying the replacement cost is around 4m.
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12 March 2024 | 5 replies
Properties are taking longer to sell.
9 March 2024 | 17 replies
What will be the fair market lease price and sell price in Tempe, AZ.
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12 March 2024 | 6 replies
I am willing to learn as much as possible so please suggest materials and conferencesThank you Just a word of advice, if you ask for advice to be honest most people are gonna try to sell you on their market and ultimately their service or course, you need to figure generally the direction you want to go, your risk tolerance, the area, the trade offs between appreciation and cash flow, understand, it’s going to be hard to get much if any cash flow in this market, brrring & flipping are close to dead with the exception of a few areas in dc and a few rural markets, even there it’s difficult, come up With a basic plan than go into a conversation with whoever you work with and at least understand the right questions to ask, the best comparison I can make is my mom always makes me go to the mechanic with her, even though I can’t actually fix the car, I can at least talk the same language as the mechanic.
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13 March 2024 | 5 replies
When selling a larger asset and wanting to purchase several smaller assets.
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12 March 2024 | 3 replies
I enter this platform hoping to learn new things without any selling contents and connections with experience real estate agents that are willing to guide me.
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12 March 2024 | 4 replies
.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.