Gregory Stanley
Alabama Appeals Court Ruled to uphold Code section on Redemptions
Alabama redemptions allow for an investor to recover the value of the improvements they made while in possession of tax lien property. Some Alabama Courts had been using cost, or other strict criteria to determine th...
Yonah Weiss
Opportunity Zones paired with Bonus Depreciation?
Everyone has heard about the potential tax benefit of Opportunity Zones, but has anyone noticed the even greater potential when combined with bonus depreciation. Our tax counsel pointed this out to me, and I was wonde...
Alexey Krol
What difference between rehab flipping and improvement?
Hi, there. I am researching flipping market and i can divide it on 3 segments:1. rehab - when someone gets ugly or under condition house, puts a small money to get condition shortly and sale it as soon as possible -...
Craig Cerny
ARV rule of thumb?
Are there any formulas, rules, etc I can use to understand after repair value? E.g. if I spend 20k on improvements what will that do to my ARV? I image if I put 20k into a 500k property it wouldn't have as much impact...
N/A N/A
Assessor's land value too high?
The county assessor's apportionment of land v. improvements seems a bit high to me. On the 4 houses I purchased this summer, the land values are 42%, 42%, 33%, and 22% of the total assessed value. For depreciatio...
Donna Rundo
Lending Standards and Regulations
Have you noticed stricter lending rules for cash-out refinances this year? How has that changed what you were planning to do?
Eric Littlepage
how complicated does depreciation need to be?
I'm doing my taxes for 2017 now. I've had a duplex since 2012, with tenants in it since 2013. 2017 was a particularly rough year--my property management company has recorded $5700 of repairs that were done, and in b...
Winston A.
Building Basis - Improvements made to rental property
I bought a 2-floor building in 2010 for $200,000. I live on the top floor. Currently there is a tenant on the 1st floor. I only plan to live in building for 5 years, and rent out the whole building for another 10 year...
Wayne Freeman
question? about the 2% rule
the 2% rule says that a 100,000 house... You need to get 2,000 in rent.
What if you get a 100,000 house and you spend 40,000 on rehap. Now do you do the 2% rule on the 140,000. Or you still do it on the pu...
Matt Fischer
Creative 1031 Exchange we need your advice
We are looking to see if there is any way you can roll a 1031 exchange into building a structure (Capital improvements) on a raw piece of land that we already own. So the exchange would be put towards the construction...