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...
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 ...
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...
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...
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 ...
Isaac J Mork
Multifamily strategy and tax strategies
Wondering if the strategy is to do interest only loans on commercial multifamily buildings? Principal payments aren’t going to be tax deductible. Or are you just happy your tenants paid like 90k of principal and all y...
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...
Austin Keelen
Property Tax on New Construction
Hey Everyone,So I've been searching the forums and google for a solid answer but I can't seem to find one. My wife and I will be buying land with an existing home on it to knock down and build a new one. I'm wondering...