Solomon Altman
Palm Springs short term rentals
15 November 2022 | 22 replies
Cathedral City is phasing out short-term rentals.
Julio Gonzalez
Cost Segregation Study on SFH in Miami
17 October 2023 | 0 replies
The financial benefits of a cost segregation study are realized through using increased cash flow to scale your business or strengthen your portfolio which is done by maximizing the net present value through deferring tax payments.As a reminder, bonus depreciation started to phase out in 2023.
Pooja Gautam
Land purchase - Soil type
10 August 2021 | 1 reply
I'm an architect (from PA) and we get Geotechnical reports done during the design phase so we can design the foundations appropriately.
Gordon Cai
In-State Vs. Out of State for First Property (Main Goal is to Learn with Min Losses)
31 October 2023 | 36 replies
In the rehab phase, I am at the property virtually every day.
Todd Dexheimer
Cost Segregation in Syndication
7 August 2018 | 7 replies
That limit phases out from $100k-$150k at a 2:1 ratio.
Jeffrey Richard
Seeking Financing Solutions for Florida Real Estate Developments
3 December 2023 | 1 reply
The financial breakdown is as follows:Land Purchase: $3MSite Development: $3.5MPhase 1 Construction (5 homes): $4.375MTotal Phase 1 Cost: $10.875MLuxury Townhomes: Our second project involves developing 8 luxury beachfront townhomes.
Josh Smith
Schedule E (Passive losses) -> 1040 (personal income)?
3 December 2023 | 9 replies
You can deduct up to $25,000 in passive losses (Rentals) against your ordinary income (W-2) and other active business income if your modified adjusted gross income (MAGI) is $100,000 or less.This deduction phases out $1 for every $2 of MAGI above $100,000 until $150,000 when it is completely phased out.
Maxwell Chen
East Oakland and gentrification?
21 October 2017 | 14 replies
These are the last areas where you can find affordable homes somewhat close to a BART station.The Oak Knoll project breaks ground this year and the first phase will bring not only sorely needed housing (albeit with prices starting in the $900K range) but also a small shopping district with some amenities that are otherwise lacking in this area.
Josh Smith
Taxes: WFH expenses California CA 540 -> Form 2106
2 December 2023 | 6 replies
unreimbursed employee expenses are currently phased out at the federal level.However, they may still be deductible at the state level.However, for you to take advantage of the unreimbursed employee expense at the state level, you likely need to itemize your deductions.Furthermore, you normally need to go above a certain threshold before they get counted as a deduction.Also, do not factor in any costs that are reimbursed by your employer.I.E. if you pay $1,000 for a continuing education course but reimbursed $1,000 by your employer.
John McKee
Do buyer Brokers exist?
3 March 2022 | 19 replies
He seems to be a nice guy.He is more in research phase and appears to want some help but do a lot on his own.