Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
16 May 2024 | 25 replies
If a taxpayer does not satisfy section 6.01(1)(a)(i) of this revenue procedure for an item of depreciable or amortizable property because this item of property is placed in service by the taxpayer in the taxable year immediately preceding the year of change (“1-year depreciable property”), the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for the 1-year depreciable property by filing a Form 3115 for this change, provided the § 481(a) adjustment reported on the Form 3115 includes the amount of any adjustment that is attributable to all property (including the 1-year depreciable property) subject to the Form 3115.
Shawn C.
Solo 401k
10 May 2024 | 22 replies
@Shawn ChervinskisThere can be no direct or indirect benefit between you and the plan, and the fact that you would occupy a unit of the duplex is a 100% deal-killer for an IRA or 401k.You could use a Solo 401k to purchase a property held entirely by the 401k, and to which all expenses and income are attributed to the plan.A 401k (or IRA) can use non-recourse financing, but typically non-recourse lenders will want to see more like 35-40% down and a minimum of 10% cash in the plan for reserves.
Michael Frank
Best prefab and modular construction lenders?
6 May 2024 | 14 replies
Also, what were the attributes of the lending products?
Gillian Thackray
Agent referral for leasing
6 May 2024 | 8 replies
So it's important to try to hash out what portion of the struggles are attributable to your PM, and which to market forces.
Sam McCormack
Does 0% Vacancy Sound Fun?
6 May 2024 | 18 replies
This could be attributed to the higher quality of life, better schools, and overall satisfaction with the living conditions in the more upscale areas and there is no thing like 0 vacancy.
Glenn Mangold
Advice for floor plan, FF vs AirBnB. Please help!
4 May 2024 | 14 replies
I have attributed this to 1 BR being more comparable to hotel/motel (direct competition).
David Sanders
4BR SFH Pool Home STR near Disney, is $4K/month NET revenue realistic?
30 April 2024 | 27 replies
No one searches last page 2.https://www.adventuresinairbnbs.com/p/help-i-stopped-getting...As for the reviews - we write them manually and guests when they review us often attribute the property to who they chatted with if they had a question or issue.
Don Konipol
What it Takes to be a “FULL TIME” Real Estate Investor
27 April 2024 | 5 replies
What are the attributes necessary for becoming a “full time” real estate investor?
Kai Sato-Franks
Dave Ramsey recommends buying everything with cash!
30 April 2024 | 140 replies
Dave Ramsey is fantastic as a commentator, but on this issue the advice attributed to him is flat out wrong.
Douglas Skipworth
Do you track your net worth?
22 April 2024 | 39 replies
Below is the median net worth of Americans by age according to a recent "Survey of Consumer Finances" conducted by the Federal Reserve.Under 35: $13,90035-44: $91,30045-54: $168,60055-64: $212,50065-74: $266,40075 and over: $254,800At this stage in your life, if you are ahead of the average American, what do you attribute your "success" to?