Marty Rogachefsky
New Refrigerator - Capital Expenditure or Repair?
6 September 2024 | 9 replies
Normally, you would only depreciate based on the life of the equipment, which could be as little ten years nowadays as a recent article mentioned new refrigerators now last 10 years or less.However, for taxes, you can do a section 179 election for equipment purchased for less than $1,160.
David Warsofsky
Investing in Charleston
5 September 2024 | 7 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
Timothy Fortin
Bonus Depreciation For STR Question
6 September 2024 | 11 replies
I have an article here all about how to find a great provider: https://www.biggerpockets.com/...
Jonny Altizer
Rookie Investor in rural Southern Virginia
5 September 2024 | 8 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
Sandeep Dosanjh
Newbie Investor Can't Afford BC
5 September 2024 | 6 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
Stephen Setzer
Hello! New here, and looking to grow.
5 September 2024 | 11 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
Michael Pithium
New Real Estate Investor
5 September 2024 | 6 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
Julio Gonzalez
Multi-Family Properties and How to Maximize Returns
3 September 2024 | 0 replies
There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.
Roberto Westerband
First Lien HELOC Strategy
8 September 2024 | 168 replies
I've seen lines of credit on WSJ Prime, Prime, COFI index, Treasure maturity indexes, Libor, and many others.A popular 1st lien HELOC primary is a primary and secondary residence product (non investment properties) and it can go up to 75-80% LTV which doesnt sound too high, but the max loan amount is 2,000,000 vs typical HELOC (home equity lines of credit) that cap out at 350-500k.
Tyler Kesling
Starting my Journey
6 September 2024 | 13 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.