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.
Charlene Kingsnorth
Private Lender Loan Servicing Software Fees
15 January 2025 | 15 replies
We want the investors to pay a portion of the monthly servicing costs.
Neil Clooney
Real estate mentorship
18 December 2024 | 3 replies
Does the cost cover all portions or are there "upsales" where more "services" are provided?
Maegan Quaife
To Sell Or Not To Sell
16 December 2024 | 3 replies
.- If I use any of the above, can I use a portion of the money to pay off personal debt?
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
17 January 2025 | 27 replies
Then I had another one where the buyer brought as is under the impression that legalizing would be easy and found out it was not ever allowed and a portion of the structure had to be demolished because it was built horribly and a hazard as built.
Joe Sullivan
My Horrible Experience with Ron LeGrand's Financial Freedom
20 December 2024 | 20 replies
I signed up for something on Ron LeGrand's web-site (the free access portion).
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
However, these properties generally have a lot of land improvements that qualify as well as certain portions of electrical, mechanical and plumbing that can qualify.
Edward Toomey V
5 months using RentRedi and I HATE it
8 January 2025 | 53 replies
The thing I didn't like about RentRedi after doing lots of research and preparing a spreadsheet with features and costs, is that RentRedi doesn't disclose up front that the accounting portion is linked to another company and is extra and, frankly, comparable to the pricing of the "big boys."
Denise Evans
Identify All Acquisition Costs Before Buying
20 December 2024 | 2 replies
Cash portion of purchase price (of course!)
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
18 January 2025 | 20 replies
So if they buy a condo for $700K as part of a 1031 exchange what is the portion they would have to pay capital gains to?