I'm a member of a partnership that purchased several four-plexes last year. I have reviewed my CPAs draft tax return and they have allocated 25% of our purchase price to land value and 75% to the buildings. Therefor...
We're buying up a few acres throughout Michigan, based on location and potential future developments.Someone said that if we buy a lot and break it up into 5 potential new build homes, that would then be considered a ...
I am working with the owner of a 1 acre property to determine highest and best use. We think it is something like a gas station, car wash, or drive thru restaurant. The City (can't name the city but it is in Los Angel...
Hi all. I am interested in investing in short-term rentals but don't think I will qualify for a loan right now. My annual income is around $90,000, my monthly bills add up to about $4000 and I have one mortgage but no...
Hello Everyone,I have been working mostly in residential real estate for the last 5 years in the phx area the other day I had a client call me to sell some land that they had bought many years before. Ive been having ...
My siblings and I have inherited a small family farm. The farm has been leased for a cash rent for the past several years. The rent has not been adjusted for several years. We have also had a some inquiries about s...
Currently have land secured and some initial funding for a new development in Saskatchewan, Canada. Land can accommodate 6-7 32-unit rental apartment complexes. The plan is to begin with 2 buildings, and look at add i...
Good morning BP, I am based in Milwaukee Wisconsin and I am a buy and hold investor. I have focused on mainly on single family investments up to this point. The other day I was driving along in one of the suburbs (new...
I heard on a podcast during the sale to put in writing the value of the land versus the structure to maximize the depreciable amount. In other words we inflate the structure price and minimize the land value over stan...
Hi Fellows, can I use 1031 exchange to sell a multi family property in India to buy land in Canada ?