What a ride the past few months have been! It took us exactly 87 days from wet concrete to C.O. I quit my nice cushy engineering job a few months ago and decided to start building new solar homes. It wasn't an easy de...
Hi - I’m interested in purchasing land and then build and use for rental. What are the pros and con? How do I approach it in a financially smart way?
I’m currently in a new home myself but I’m delinquent with my mor...
Hi everyone! Analyzing one of my first deals and would love a second set of eyes. I'm a bit and hold, value add investor. What are your thoughts?It's a building on the main street in a suburb with a ton of foot and ca...
I have a property under contract, which is 4 condos, all in the same building, as separately deeded units. This building is the only set of condos that was developed in the late 80s. Later on, the developer took the r...
Does anyone have experience converting a multi condo unit house to simply a multi family property? If so, what is the process like a condo association from multi tax lots to a single tax lot. Looking at a 5 unit condo...
The 45L tax credit is an energy efficiency tax credit available to owners, builders and developers of apartment buildings, townhouses, condominiums and single family homes. The units must be more energy efficient than...
In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...
2 Family Building RentMortgageOther ExpNet Profit 1st Floor - Taxes 1,124 2nd Floor - Insurance 292 3rd Floor 1,500 Heat - 4th Floor 1,550 Water&Sewer 150 5th Floor 2,800 Electric 100 S...
Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certi...
Hello,I'm getting ready to finish a new build and I'm having trouble deciding if I should live in the house for 2 years in order to benefit from capital gain taxes and have a large chunk of equity or sell it and make ...