Matt Streeter
1031 rental properties into farm land
We currently own two nice duplexes, they have been totally redone and are set to make money. we never intended to sell them, so have accumulated a lot of write offs against them since we started in 2019. this year w...
Geoffrey O'Brian
Curious 1031 Exchange Question about Basis & Depreciation
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
Gaurav Malhotra
Depreciation Question for Commercial Real Estate
Hi, I am purchasing a commercial real estate (offices). here is the data:1. Cost: 1.1Mn2. Originally went into service in 1965 (55 years ago)3. Assessed land value if 70% and Building is 30% per the county4. Useful li...
Fareed R.
How to find Depreciation value
I live in Orange County, ca and want to know how to figure out how much I can use for depreciation in my taxes. Not my house but can you show me how to find depreciation value for below addresS:7692 Alhambra DrHunting...
Falon Sexton
Pulling Equity out on a Construction to Perm
Building a duplex and applying for a construction loan. We own the land free and clear. We will be using the land as collateral for down payment on construction loan. The cost to build is about $180k and the land is v...
Chad Duncan
Building a 4-plex instead of buying one...
I am wondering if building would be better than buying. I live in Portland Oregon and the cap rates for multifamily are around 5-6% max.
My idea is to buy some land, and build a 4-plex on it. House hacking on one of...
Alexandra Scardo
Construction loan with land as downpayment
I need some help understanding how construction loans work when using land as a downpayment. We have several acres that we bought for $100k and still owe 50k on. The land value is, conservatively, $120k. There has not...
Juan David Maldonado
No woman, No Cry, Using Property Owned As Colleterial
Hey, everyone. I own five acres of land that is paid off. Nothing is build on the land. The value around $20k according to the local tax office. Can I use it as colleterial for a loan to add to the down payment amount...
Jim D.
Cost basis - splitting land from dwelling on a townhouse
I searched the forums before posting but couldn't find info on my exact scenario. I'll check with my CPA, but I'd still like to be "armed" with my own info for discussion.We have a townhouse in a group of four connec...
Kenny Tran
Does land appreciate?
Hi everyone,
I was wondering if their is a math for land appreciation? For example, empty lots in my area are selling for 10k. Ive been buying and building houses on the lots but I was wondering if I started accumul...