Julien Prodhomme
Starting investment in real estate
13 June 2024 | 7 replies
I am real estate agent and investor, and have experience in BRRRR.
April Eilers
Buy/Hold Lehigh Acres, Florida: the good, the bad, the ugly???
12 June 2024 | 23 replies
There are certain areas in Lehigh I would avoid but happy to talk or text over the phone and share my experience.
Kevin McKittrick
Outlets aren't grounded, does the landlord or tenant need to pay?
12 June 2024 | 27 replies
Swapping one breaker takes modest time (15 to 30 minutes if no unexpected issues including time to identify the circuit), but swapping additional circuits at the same time requires very little additional time (probably less than 5 minutes each).If AFCI breakers does not meet code, The possible solution could be as simple as installing a GFI on each circuit.
Antonio Campanella
BRRRR Team Assistance
11 June 2024 | 12 replies
Do you have any experience investing?
Zachary Luchs
What is the first step after finding a property where the calculations work?
13 June 2024 | 3 replies
Also, in our experience, 95+% of agents have no clue how to calculate ROI, Cash-on-Cash, Cap Rate, etc., so what are they really going to help an investor with?
Huiping S.
American Standard AC quality.
13 June 2024 | 6 replies
Just made up my mind to dump the new Trane from this experience but very confused to choose which one.
Ryan Dori
Need feedback on properties I listed
13 June 2024 | 5 replies
I was wondering if anyone have experience with the Rotonda market and if I'm doing anything wrong.
Blaise Peterson
This doesn’t make sense.
14 June 2024 | 17 replies
I only do commercial RE and don't have experience with SFs.
Brian Willie
Can You Sell On A Wrap With A Property You Own Subject To?
13 June 2024 | 20 replies
I think the major issue these days is these are transactions for those with money and experience but with the internet and the Pace Morby's of the world you are going to see a lot of folks with no where near the experience or ability to handle these get into these deals and the train wrecks that will ensue..
Matt W.
Help me understand depreciation recapture!
12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.