Anyone who invests in Kansas City has to know that Jackson County has outrageously jacked property taxes through the roof. I recently got an op-ed published in the KC Star refuting all of the pathetic attempts to rati...

Capital Markets Commentary
– September 10, 2024
Good Morning! Here is a quick update on the market for you:
Fed's almost certainly going to cut rates this month—traders are split on how big it'll be though.
Odds a...

I understand that the small tax payer safe harbor is applied on a building by building basis. But what about the de minimis safe harbor? Once I elect it, does it count for all my properties or do I elect it on a build...

Based on responses on BiggerPockets, I've realized that addressing these two concerns is not necessarily complimentary, one can cause problems with the other. In Brandon Hall's article on tax planning "Higher Earner V...

Along with Material Participation as a Real Estate Professional, you might also want to consider grouping your activities together. So a common question that I get is-

Do I need to group my rental activities together...

I am a little bit confused about step up basis.It is my understanding that when you die, your property transfers to your heirs with a step up value to the current market value, so if they sell the property for that sa...

I have just purchased my first commercial purchase. It is a unit I am going to build out for working space for my business. The commercial loan was taken out in the business with me (100% owner of the business) as a g...

My wife and I own an LLC 50/50 and the LLC holds title to residential properties. To take advantage of lower interest rate, all banks require us to hold title in personal names. I was told transfering proeprty from LL...

I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with thi...

Client's building burned in fire.  Residential rental property.  Fire occured on 10/01/2020. Cost:  $400,000Depreciaiton:  $120,000 up to 09/30/2020Insurance paid $635,000.  Assume no Salvage value.Insurance payment w...