Jon Dorsey
Property Basis for Depreciation
How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a multifamily at an incredible deal, way unde...
Derek G.
Basic Real Estate Development Questions
Having been in the real estate and general contracting market for 9+ years I would like to have a better understanding of Real Estate Development specifics and hope to find answers to the following questions based on ...
Justin Tahilramani
Looking for Advice - Short Term Rentals in Military Community
Hello Everyone!I'm looking for a little feedback on an idea that i've been contemplating. I own about 40 acres of land in a growing community near a major military base. I am considering building a duplex at the front...
Michael X.
Land value, improvements and depreciation
This is a scenario that I have not run across before. These numbers are roughly based off of the auditor's website.
A commercial property has a higher land value (100k) than the depreciable improvement value (60k). ...
Mark Smith
Flipping land in Arizona with cash
I have $125k in cash and want to start flipping land in Arizona. I’m based in the Phoenix area but a quick LandWatch search shows that Mohave County has the most sales in the past 90 days. Any advice on best practices...
Jason Shackleton
Assigning ownership of an Ohio based Corporation to a new owner
A contact of mine is looking to assign me ownership of her Ohio based Corporate entity. This is a C-corp with an LP under it (the LP owns the land). She had a portfolio of 25 homes in Ohio but she sold them. The entit...
Justin Brin
What percentage is the structure worth vs land for depreciation?
What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...
Cortni Bronson
Investor financing / support option
Curious if anyone has ever heard or done something hypotethetical like this:Currently own a home in a very gentrified area. Very valuable area near the city where land is worth a lot. Lots of townhouses popping up.bu...
Mohammad Nur
Simple rental property depreciation.
I bought a rental property for 220 K last year. From my tax assessment, 80% of the value was assigned to the building and 20% of the value was assigned to the land. So, based on my understanding, I can only depreciate...
Rick L Simmons
MrBiggerbiggerrrrrrrr, okay where is the topic? taking up space
Thinking of building a duplex, If I pay cash for land and pay it off, how would that benefit me for building the duplex? I guess this is not long enough, it says my subject it to short, I am looking for the word "subj...