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22 January 2025 | 12 replies
You can take any proceeds tax free and roll into a different investment.
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21 January 2025 | 2 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
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17 January 2025 | 4 replies
Possible (but I doubt easy) if seller takes a 2nd / subordinate position to the bank or is secured by other property you own.
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18 January 2025 | 5 replies
We are able to get great incentives and the ability to own an investment property that take a very light maintenance budget for the first few years is a huge plus.
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3 February 2025 | 8 replies
I want to create a strong marketing plan before taking that step to help me achieve my goal of earning $50k in commissions.I’m hoping this group can help me with a few questions:1.
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26 January 2025 | 12 replies
Additionally, take some time to drive around your neighborhood and gather information on recently sold properties within a mile radius.
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22 January 2025 | 12 replies
You can see this in the graph below:The graph also shows that DOM is worst in 2024 than any of the previous 6 years:(So, you are not alone in experiencing this.Now, just don't take this as a pass to not try harder to find your own solution for this problem:)
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29 January 2025 | 5 replies
please let me know if you have successfully completed a creative finance deal and you have some terms example breakdowns i can take a look at much appreciated im trying to buy an apartment complex asap
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11 January 2025 | 420 replies
I find this discussion very informative, and have to say I appreciate how civil and respectful it has been despite opposing views.