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22 April 2024 | 6 replies
The risk is very high when you are brand spanking new and you will definitely need to go through some transactions to get an idea of what you are doing.
22 April 2024 | 6 replies
For you the question will be is it worth it to spend less than a thousand on an exchange to save $20K in taxes.To your other question - Qualified Intermediaries, exchange facilitators, and exchange accomodators are all the same thing.
22 April 2024 | 5 replies
Way to big an unknown.I have no idea what your experience level is, but unless you have really deep pockets and a lot of experience in remediating contaminated sites, this is not something for someone who is newer to the space.
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22 April 2024 | 39 replies
The idea of accumulating assets is much more exciting to me VS knowing what I'm worth on paper.
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23 April 2024 | 30 replies
I could pick up in Aug22-Oct22 on the responses I was getting then versus the various syndications on who had the right idea, and I knew I was about to get ****ed.
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23 April 2024 | 22 replies
The unskilled builders sometimes, often, did not frame well, especially look at open decks you can see under for a general idea of the skill set for that house.
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22 April 2024 | 5 replies
The idea is that tenants can pay Zillow or any other online site taking applications and then not have to pay an application fee for each property they want to apply to.
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22 April 2024 | 2 replies
ADU's seem like such a great idea until looking at zoning and permitting.
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22 April 2024 | 0 replies
The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?
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22 April 2024 | 2 replies
If this is for an idea of your net worth, I’d also subtract reasonable selling costs.