Can anyone tell me if carryover basis restarts at 27.5 years in a 1031x, or is it excess basis at 27.5 and carryover picking up where it left off? Having trouble finding the answer. Any help is very much appreciated!
I'm selling a home with no liens. Yet the title company insists on charging me a Lien Procurement Fee as a title services charge. They say they charge this to cover the work they have to do to clear title so the prope...
Thought this was a great information on how the tax reform will affect commercial real estate investors. I have not checked to see if it was posted and shared before. I apologize in advance if it has. How CRE Investor...
As we are moving to scale up our investment portfolio, me and a few of my mastermind group members are back to the drawing board researching markets and are already faced with the challenging task of determining which...
In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...
Hello, I'm moving to Minneapolis in mid-October and would love to purchase a home as soon as possible to house hack. However for now, I'm interested in possibly connecting with investors or real estate professionals f...
I was wondering if anyone had any sugesstions on how to generate a rent roll report in quickbooks?
I have my tenants set up as customers and my invoicing is set up that each property is an item and each unit in eac...
Someone gave me some advice that sounded too good to be true so I want to verify. If I own a home for 27.5 years and have taken the depreciation expense every year, then I sell the house (for easy numbers let's just s...
I'm trying to buy a 2-4 unit property for 1.0-1.2M. I've been approved by my lender, but at rates of 4.25% for a duplex, 4.375% for a triplex, and 4.5% for 4 units. Why does the interest rate go up? I suppose I could ...
I’ve seen others post the expect to pay around $500 for an annual policy. Is $500 a reasonable benchmark or is there a percentage of cost/value that I should be using?I’m about to close on my first out of state rental...