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Results (10,000+)
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.
Albert Johnson Can I charge tenant for clog drain
16 December 2024 | 9 replies
If there's a second call for the same issue we have the line camera'd to verify the line is in good shape and that it is clear going forward, and charge the tenant if the clog was their fault but do not charge if we discover a mechanical defect; we fix the defect. 
Pete Galyon WHO ELSE has is seeing amazing returns in there areas??
16 December 2024 | 13 replies
A strong buyers market indicates sellers price cutting and listings being bought under value which would lead to equity losses. 
Saika Maeda ADU permit or not; financial implications
20 December 2024 | 27 replies
He is crystal clear that the state law does not allow a jurisdiction to restrict safe unpermitted units (even if they want to).  
Mark G. What are your favorite tools/software for Fix-N-Flip
21 December 2024 | 12 replies
I'm an IT guy myself and clearly not against automated systems, but that can misguide you if you don't know much yourself.
Ben Johnson Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
You can give notice to one of the tenants, then move in and rent out rooms to further cut your living expenses.Yes, something I've considered but does require me to move from CA to TN, so big life change. 
Jerry Zhang Agent Outreach to find seller finance multifamily deals?
22 December 2024 | 8 replies
I know seller financing and it isn't clear how you define "good" creative terms.
Daljit S. Eviction taking forever - anything else can be done?
20 December 2024 | 9 replies
You haven't made it clear the length of time so far. 
Eric Lee Investing in the Oregon market
12 December 2024 | 14 replies
At the planning commish meeting they said we will approve it but you need to cut density by 10 lots..
Jason Seay what to do when a couple splits up and one stays in the property?
18 December 2024 | 9 replies
You want to put everything in writing and be very clear about expectations and responsibilities.You also need to verify the remaining tenant can afford the rent.