Anna Thanopoulou
First year depreciation in STR
19 November 2024 | 7 replies
We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?
Hassan Tejan-Kella
Securing funding for Refi whilst going through a lawsuit
13 November 2024 | 5 replies
This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.
Lisa Fondant
Jerry Norton programs ($10k finder fee - Powerflipper)
10 December 2024 | 104 replies
Some of these Guys are pros at selling if you can secure a deal for 50 % off why would anyone give it away their are legit joint venture partners on this site that will help you and treat you much better as a partner just post it and see what kinda response you get .Have a good day.
Sarah Albert
Tenant wants to break year lease after 2 months
22 November 2024 | 12 replies
What will be left of the security deposit if they feel they have no choice but to leave the property as is.
Deal H.
Turnkey or BRRRR?
27 November 2024 | 48 replies
If you love your job, make good money from your job, have very little time, and have cash want to park into a secure real estate asset, turnkey is the way to go.If you are opposite of that and want to dive into real estate investing operations, then fixed upper and BRRR.
Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
20 November 2024 | 2 replies
If Borrower wishes to exercise this option to extend, Borrower shall notify Lender of Borrower's intent to extend in writing prior to the Maturity Date.Security for Payment: This note is secured by n deed of trust of even date from Borrower to Doc Prep 911, Trustee, both of which cover the following real property: Lots xxxx, City of xxxx, according to the map or plat recorded in xxxx, Map Records, xxxx, Texas.
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
I haven't read and have heard serious people say they can't get through it, but it's been much talked about and very influential since publication in 2015.
Martin Hernandez
How do RIETS work?
19 November 2024 | 1 reply
Investors buy shares and earn returns through dividends and potential stock price appreciation.You typically can’t lose more than your initial investment with publicly traded REITs.
Lior Atedgi
New investor - DFW
20 November 2024 | 3 replies
It seems a bit far and no reliable public transportation.thanks again!
Elliot B.
Submetering Heat with BTU/Flow/Energy Meters
29 November 2024 | 27 replies
My inherited tenants ALL SMOKE and none had security deposits.