Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Window AC units can indeed be treated as tangible personal property with a 5-yr life and be bonus-depreciated or deducted under Section 179.
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
So, why would you NOT factor in a car payment when determining the liklihood of an applicant paying their rent consistently on time?
Chloe Salcedo
I don't know where to start or how to put my foot in the door...
13 January 2025 | 31 replies
Consistency is the key to success.
Justin Brin
Where is everyone moving to?
29 January 2025 | 10 replies
Consistent growth year over year.
Michael Reilman
Best Low-Flow Toilets?
17 January 2025 | 14 replies
@Michael ReilmanI installed the Aquasource Henshaw from Lowes in all 20 units I recently rehabbed and they've been great so far, and as an added bonus they're ADA height which is awesome for bad knees!
John Friendas
Rooming House Passing Conventional Appraisal as Single Family
22 January 2025 | 4 replies
It is zoned single family but since the previous owner is using it as a rooming house a few things look different that I am worried about the appraiser not passing:Outside doors for each room with locks.The only common area is the kitchen, no dining room, living room, etc.The rooms consist of 5 bedrooms, 1 kitchen, and 2 bathrooms.Each room has a bed and a small drawer which I am thinking of diassembling before the appraiser comes.Would I have a problem with this?
Alissa Anderson
Why now is a great time to buy real estate
23 January 2025 | 0 replies
Investors who get in now can take advantage of this long-term growth while enjoying consistent returns.Bottom line—if you’ve been thinking about investing in real estate, now is the time to make a move.
Melanie Baldridge
Bonus depreciation ?
16 December 2024 | 0 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
Grant Shipman
6 Mistakes Every Co-Living Investor Makes... & How to Avoid Them
22 January 2025 | 0 replies
You want the “how” to be complete, reasonable, consistent, and flexible.
Donnisha Jones
New member looking to learn
27 January 2025 | 1 reply
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.