Jeanelle Ignacio
Strategies & Tax Implications for purchasing commercial property from parents
This is my first post for some insight on this great forum...and it's got a ton of moving pieces.My husband's parents own commercial property (free & clear/no mortgage) on a large lot that has a board and care (as...
Marie-therese Tai
Is this a good time to sell
So I have a small mixed use property, I have been approached with an offer for purchase by a developer , I would stand to make a pretty good profit,, but it would mean that I would go from owning an office to having ...
Jay George
Multi unit building
Hello,
I am relatively new to real estate investing as I purchased my multi-family building in Chicago back in 2021 putting in twenty percent down of the purchase price. My interest rate was just over 3 percent. At t...
DL Martin
insane tax rate in Cincinnati (Clifton) ???
Several weeks ago I came across a 4 plex (all units are 1BR/1Bath) in what I consider a highly desirable area adjacent to the U of Cincinnati (Ludlow Gaslight).
The address is 3379 Morrison Avenue.
I...
Harrison Russin
Leasing an apartment building
My older brother is an attorney in our hometown, and has a fledlging practice specializing in estates, trusts, and wills. He was approached by a client who owns 100 units in 10 buildings in our native area, Northeast ...
Theltus Cobbins
Help with abandoned property
I'm just starting out trying to get in the real estate busibess, I see this property been abandoned for year 6,300 sf went check it out on the assessor's website it says the building value is 230,00 and the land value...
Costin I.
What should one use for the home basis value in a CSS?
My understanding in this matter, there are several options for selecting the home basis for a cost segregation study:
A. Property appraisal (if you have one).B. Tax Assessment – tax assessment for the property in que...
Ryan Sasscer
How do you quantify 4 ways an investment property makes a ROI?
Buy and hold investors (like myself) know that an investment property produces a Return on Investment (ROI) in 4 ways:1. Cashflow (acknowledging a property could potentially have negative cashflow)2. Equity building (...
Mike A.
NY mortgage tax and unlocking equity
As we expand into NY, we are having to learn about this BS mortgage tax. We do not have this in CT nor NJ, only NY (yes, I am aware a few other States have a mort. tax). It's partly the reason why we've been using our...
Tyler Derickson
Lender requesting future tax returns
I'm in the process of negotiating through a loan and the lender is requesting us to provide all FUTURE tax returns for the entity purchasing the building, all personal returns for investors associated with the buildin...