Julio Gonzalez
Important Considerations Before Demolition or Renovation
When you are demoing or renovating a building where you tear out HVAC units, lighting, and other components, these assets are considered retired or abandoned from the building. Therefore, the book value of these asset...
Jered Sturm
Why the Wealthy Put Their Money Into Multifamily & Commercial RE
I wrote this blog post the other day and thought I'd share it here to share as well! Have you heard stats such as “80% of millionaires attribute their wealth to real estate”? Or heard stories of living the good life o...
Julio Gonzalez
45L Tax Credit Case Study on Apartment Complex
Are you familiar with the 45L tax credits available to real estate investors? The 45L tax credit is an energy efficiency tax credit available to owners, builders and developers of apartment buildings, townhouses...
Joshua VanName
Can anyone help with the cost basis of an owner built rental
Hello everyone. This is my first post here but have really enjoyed reading up these past few weeks. Glad I found this site. It's addictive.
I am getting ready to break ground on my first 2 rentals. I am approved ...
Carl Cheung
Build primary residence and using section for STR
Hi, wanted to see if anyone has done this and what I have/haven't thought of yet. I'm in a HCOL (Seattle) area and looking to build my "final" home.I was thinking of building a home and have part of the walk out basem...
Ted R.
High-rise condo depreciation: how much land value tot exclude
Great forum discussions here.... I read several relevant threads but my question focuses on how to split between land and building value in a high rise condo for depreciation purposes.
I purchased the condo 10 years ...
Anthony Mei
Curious on costs to build new multi-unit as a developer/investor vs. normal consumer?
Using this new build as an example: https://www.redfin.com/IL/Chic... . It's two units and they're asking $1.4m. The top unit is a 1800sq ft. 3/2 simplex. Bottom unit is a 3500sq ft. 4/3 duplex down. Sold as vacant la...
Yuliany W.
LLC Classification: Partnership, Corporation, or S Corporation?
Hi,
I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...
Julio Gonzalez
Have You Considered These 5 Tax Incentives & Credits?
Did you know that many real estate investors receive up to a million (or more depending on your investments) in tax incentives each year? Unfortunately, so many of these tax credits and incentives are overlooked. I pu...
Laura Casner
Estimating operating cost on a new construction STR
Hi! Anyone have advice on general rules of thumb or ways to estimate operating cost for a short term rental new construction? I need to figure out a base operating cost so I can consider this when I assess land purch...