Don't know how familiar you are with SIC but I used to go see some good bands at OD, Shenanigans, Springfield Inn.

As long as the study is completed before you file your tax return for the year you want to claim the benefits, you can take full advantage of the accelerated depreciation.For example, if you placed a property in service in 2024, you can conduct the study anytime in 2025, as long as it's completed before your 2024 tax return filing deadline.April 15th for individuals (or October 15th with extension), or March 15th for partnerships and S-Corps (September 15th with extension).

IRC 469(c)(7)(B) and Publication 925 back this up, stating that the active participation of just one spouse can turn the entire rental activity non-passive.It sounds like your CPA may have misunderstood this rule.

Business is still runnning under https://bawldguyinvesting.com/1) California Statement of info hasn't been updated in years 2) Still lists Jeff's old home as his addressI heard rumors of someone defrauding a note fund years ago and a couple of lawsuits which is typical, but wanted to see if anyone has any information.2019 https://www.edcombs.com/blog/2019/march/bgnf-group-llc-fka-b...2023 https://www.nclc.org/wp-content/uploads/2023/07/horne-v-harb...Next step is filing a complaint with the SEC and contacting attorneys.

B and C areas could be between 4-7% and the most desirable areas in and around NYC will likely be below a 4% cap rate.Cap rates are based on NOI and typically don't include debt service so down payment and loan type won't affect calculations.All the best!

In March of 2024 I did agree to take on the project months, but then I discovered unpaid taxes, undisclosed city issues, and several liens I was never told about.To prevent immediate foreclosure, I’ve been making the interest-only payments on the hard-money loan for 8 months while renovating.The property recently appraised below the loan balance, and the lender is refusing my offer to refinance/payoff at a lower amount.They also suggested they may “wait years” to foreclose, which has left me unsure of my rights since title is now in my name.Meanwhile, the original investor appears to be moving personal assets out of their name despite previously giving personal guarantees.My questions for the community:What realistic options exist when a hard-money loan exceeds the property’s value but the investor has abandoned the project?

Goal: spark qualified showings without looking like we’re chasing and keep room for normal credits/concessions if needed.Questions for local buyers/investors:1) In Nov–Dec, which list would you choose for this profile: high-$710s or low-$710s (same $700–$725k portal band)?

For this price band, most of our builds land in the $135–$155 per sq ft range depending on finishes.

I have also applied for the Greenline grant (a first-time homebuyer assistance program) and am hoping it covers some of the costs, but I won't know if I'll receive the grant or the amount until March, so I'm currently budgeting without it.

@Mary Jay, To defer all of the tax, you must purchase at least as much as your net sale (sales price minus closing costs and commissions) and use all of the proceeds (Any equity received) in your 1031 exchange, as @Bill B. and others had mentioned.