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8 September 2024 | 101 replies
The landlord knocked on one door to collect the rent and the tenant broke his nose and said, I told you not to come again for the rent".We had the housing authority (if that is what it was called it at the time) on our butts every day because the tenants would break window screens, break door locks, keep their apartments filthy so they were infested with roaches and rats and we could not keep up with repairs.
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5 September 2024 | 11 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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6 September 2024 | 13 replies
At this point, I could easily see 100% bonus being codified on an ongoing basis as part of whatever the 2025 tax bill looks like to take effect for tax year 2026 after TCJA expires.
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6 September 2024 | 11 replies
(Of course it can be DIYed, but for most investors the best outcomes are achieved with a real estate tax accountant's input.)While 100% bonus depreciation is still available to you through Cost Segregation and is something we help investors on a daily basis, getting a tax accountant's input before ordering your Cost Seg study is highly recommended.
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5 September 2024 | 6 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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4 September 2024 | 2 replies
Property Details: Property Type: 6-Unit Apartment Building Building Area: 4,500 square feet Lot Size: 3,050 square feet Depreciable Basis: $1,000,000 Placed in Service: July 2021 Results from Cost Segregation Study: The study identified various components within the property that qualified for accelerated depreciation, leading to substantial deductions in the first year.
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4 September 2024 | 3 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.
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5 September 2024 | 19 replies
The original cost basis was $645,000.
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4 September 2024 | 2 replies
We quickly got to work, understanding that every day counted.
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5 September 2024 | 9 replies
Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.