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Category: Real Estate

  • How Much Do Car Washes Make? A Guide to 2024 Profits

    How Much Do Car Washes Make? A Guide to 2024 Profits

    How Much Do Car Washes Make? A Guide to 2024 Profits My first vehicle was a black and silver 1985 Chevy Blazer. It had chrome wheels that, if clean, they’d shine and make all the difference in the world. My personality likes things neat and clean, so I’d wash it several times a week. Back…

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  • 2024 Bonus Depreciation Bill: Tax Relief Insight

    2024 Bonus Depreciation Bill: Tax Relief Insight

    2024 Bonus Depreciation Bill: Tax Relief Insight There’s a new bonus depreciation bill in town….and here’s the lowdown: The “Tax Relief for American Families and Workers Act of 2024,” also known as HR 7024, was passed by the U.S. House of Representatives on January 31, 2024, with an overwhelming majority vote of 357-70. This legislation…

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  • How Does a Reverse 1031 Exchange Work In Real Estate?

    How Does a Reverse 1031 Exchange Work In Real Estate?

    How Does a Reverse 1031 Exchange Work In Real Estate? Typically, real estate investors are excited when their property sells for a profit. But here’s the deal: occasionally, this sale can be a double-edged sword. Why? They’re happy because they made money, but that happiness can quickly become deflated when they get their tax bill…

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  • How to Qualify As A Real Estate Professional (As a Doctor)

    How to Qualify As A Real Estate Professional (As a Doctor)

    How to Qualify As A Real Estate Professional (As a Doctor) One of the best ways to avoid taxes and build true wealth is to qualify as a real estate professional (REP). Here’s a video walkthrough of what that looks like:   With REP status, you can offset some of your business/practice income with deductions…

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  • What Is a LOI In Real Estate – Basics Explained

    What Is a LOI In Real Estate – Basics Explained

    What Is a LOI In Real Estate – Basics Explained In real estate transactions, a Letter of Intent (LOI) plays a crucial role as an initial gesture towards a potential agreement. Consider it a formal yet non-binding document outlining your intentions to purchase or lease a property. Although not a legally enforceable contract, an LOI…

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  • What Is ROI in Real Estate Investing?

    What Is ROI in Real Estate Investing?

    What Is ROI in Real Estate Investing? Real estate investing is one of the most popular ways for busy professionals to build wealth. But as with any type of investment, it’s important to educate yourself on the basics of how it works.  One important metric to consider is the return on investment (ROI), which helps gauge…

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  • Reducing Tax on Rental Income: The Role of Passive Losses

    Reducing Tax on Rental Income: The Role of Passive Losses

    Reducing Tax on Rental Income: The Role of Passive Losses As a periodontist, I was never taught anything about money, much less real estate or taxes, in school. The fault is mine for not seeking this information earlier in my career. It’s amazing that once you learn how to use the tax code correctly, it…

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  • 2024 Bonus Depreciation Update: Is It Coming Back?

    2024 Bonus Depreciation Update: Is It Coming Back?

    2024 Bonus Depreciation Update: Is It Coming Back? In 2024, there have been some changes to the bonus depreciation rules. One notable development is the passage of the Tax Relief for American Families and Workers Act of 2024, which includes a 100% bonus depreciation provision and research and development expensing and expands the Child Tax…

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  • What Is a Private Placement Memorandum (PPM) In Real Estate?

    What Is a Private Placement Memorandum (PPM) In Real Estate?

    What Is a Private Placement Memorandum (PPM) In Real Estate? A private placement memorandum (PPM) is an important document for businesses seeking to raise capital by selling securities to a select group of investors. This legal document discloses essential details about the investment, including the company’s financial information, risks associated with the investment, and the…

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  • Section 179d: Tax Deductions for Commercial Buildings

    Section 179d: Tax Deductions for Commercial Buildings

    Section 179d: Tax Deductions for Commercial Buildings The 179D commercial building energy efficiency tax deduction encourages building owners and tenants to adopt energy-efficient systems and improvements. Building owners can claim significant tax deductions by implementing qualifying measures, benefiting their bottom line and promoting sustainability and reduced energy consumption. As of December 28, 2020, the 179…

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  • Recapitalization In Real Estate: An Investor’s Guide

    Recapitalization In Real Estate: An Investor’s Guide

    Recapitalization In Real Estate: An Investor’s Guide Recapitalization in real estate is when you change how a property is financed. This usually means adjusting how much money comes from loans versus how much comes from investors. This can help the person who owns the property make more money. They might do this by working with…

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  • What Is The Real Estate Sponsor Promote?

    What Is The Real Estate Sponsor Promote?

    What Is The Real Estate Sponsor Promote? In the real estate private equity world, there’s a key concept called the “sponsor promote.” This is a fancy term for the extra profits the sponsor gets after reaching a certain return level in a deal. If you’re not sure what a real estate sponsor or syndicator is,…

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