I am interested in using a FHA 203K loan to renovate a Mixed-Use building. I am looking to have four residential units and two commercial units. Does anyone have experience with historical renovations? How does the p...
I have heard two different opinions recently regarding depreciation recapture taxes in a partnership. Let's say Investor A is part of an LLC with Investor B that owns an apartment building. Investor A is assigned th...
Without a Cost Segregation Study, this $900,000 Office Building in Kalamazoo, Michigan purchased in 2021 would have generated first-year depreciation of approximately $23,000 By applying a Cost Segregation Study, th...
so I've filtered through the archives and didnt see an exact fit to my question so here goes.I have a lot that will have potentially 3 spec homes build on them. The 1st is under way and will be completed Jan/Feb of 20...
Hello BP Folks,I have been recently hit by a complaint from the school board in cuyahoga county for my 4 unit rental property for an increase in property tax from 51k value to 173k valuation. I have the counter compla...
So I am in the beginning phase of my first BRRRR. Purchased for $60k aiming for $180 ARV and trying to keep my rehab to under 60k.My question is how is the building value determined once all is said and done?As I unde...
The 179D Energy Policy Act gives taxpayers a deduction for installing energy efficient assets such as the building envelope, HVAC and lighting. It is for apartment buildings greater than 4 stories and newly constructe...
Hello BP,I am looking at a deal in Illinois where it's an owner that has 3 commercial building with residential up top and commercial storefronts at the bottom of these buildings. I really would not be interested in ...
Lets see if anyone can help me with this scenario as I may face it in the near future...For scenario reasoning lets say I am typically in the 10% tax bracket.I purchase a lot on January 1, 2016 for $18,000 and start t...