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13 October 2024 | 54 replies
Not having individual meters is simply unprofessional.
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10 October 2024 | 5 replies
Additionally, many licensed people (myself included) will never agree to pay "finders fees," "referrals," "commissions," or whatever else the same fee can be called to an unlicensed individual.
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11 October 2024 | 40 replies
I've been a part of the group for over a year now, Uri, and it's been absolutely fantastic.The educational program is top-notch, no doubt, but for me, when I joined, it was all about the access to the network of like-minded, vetted individuals who are there to do deals and make it happen.I've always been frustrated by local meet-up groups and networking events where the majority of people (because the events are typically free) are tire kickers.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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10 October 2024 | 15 replies
Regarding the masterminds, I'm in two and they have been hugely impactful for my growth, both as an individual and my real estate/business growth.
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8 October 2024 | 4 replies
There are 7 material participation tests and these are the 3 most common for real estate investors AND you need to meet one of them: Spend more than 500 hours on your rental businessDo substantially everything for the rental businessSpend more than 100 hours on the activity and no one other individual spends more time than you doAnother way to offset non-passive income (e.g.
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10 October 2024 | 31 replies
I’m also at a life stage, where I’d prefer to just live with my partner and not rent out individual rooms in my unit.When I move out, the rental income would sometimes just barely cover the mortgage and taxes (usually not even insurance).
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9 October 2024 | 9 replies
Your best bet for locating and connecting with this individual is on BiggerPockets or your local REI meet-up.
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9 October 2024 | 10 replies
If you click on the individual owner page there is an error but you can still submit an application to list and you can still see listings so there is nothing indicating that they are stopping operation that I could see.
10 October 2024 | 0 replies
You’ll find like-minded individuals, potential sellers, or others who might give you a tip about a property that’s about to be available for sale.