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22 January 2025 | 14 replies
Slip and falls are a leading liability concern a property owner should be aware of and snow removal is not something to cheap out on.
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16 January 2025 | 6 replies
., San Diego, and others)—making it feel like a “natural” choice for a regional traveller wanting to get away for a short weekend.
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6 January 2025 | 3 replies
Any idea of lead times?
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15 January 2025 | 5 replies
To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.
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23 January 2025 | 2 replies
In short, you ride the 'coattails' of the previous owner's taxes for the first year.
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29 January 2025 | 22 replies
Generally buying in nicer areas leads to better experiences and confidence in your investing, but lower cash flow when you move out.
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16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
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30 January 2025 | 56 replies
Properties in the Southeast of Mexico often offer ROI upwards of 10%-15% annually, especially in short-term rentals.Key Benefits:Tourism Growth: Mexico welcomed over 40 million international visitors in the first 11 months of 2024, surpassing 2023 figures.
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16 January 2025 | 5 replies
You can learn to do this independently or get a rockstar REALTOR to lead the way.
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14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.