George Brown
STR Dominican Republic
3 November 2024 | 17 replies
Hi Joshua I am a real estate investor in the Dominican Republic, specially in Punta Cana and let me tell you tha is the best place to invest in the all Caribbean. i saw a post about '' punta cana is only for all inclusive hotel '' and that is 50% right and 50% wrong because there is all inclusive hotel that have there public but also there is airbnb and other that also has there public.
Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
Elizabeth Lark
Using a Self Directed IRA or Solo 401K to Buy & Hold
9 November 2024 | 17 replies
Additionally, unrelated business income tax (UBIT) might apply if your property is financed.One option to consider is partnering funds from multiple accounts or other individuals to share in the investment, which may avoid the need for difficult-to-secure non-recourse financing.
Rhealaine Sayson
Top 5 Tools Every Real Estate Investor Should Use
4 November 2024 | 1 reply
You can create custom maps to mark areas of interest, track properties you're considering, and note key amenities like schools, shopping centers, and public transport.
Nana Twum Okrah
Pasha Maleknia's Residential Maintenance System spreadsheet
4 November 2024 | 16 replies
What do you use for your remote security setup?
Jorge Abreu
Risk Tolerance and Scaling
4 November 2024 | 3 replies
I will send you two copies of the publication if you provide me with a mailing address.Thanks for the support of our fellow investors.
Greg Garza
Wholesaling Marketing Strategies
8 November 2024 | 18 replies
You can also scrub public records to see who has recently bought in the area (if available) all cash, some of these folks are investors, hit them up too.
Jamie O'Connell
Cash for Keys Thoughts
6 November 2024 | 13 replies
I did eventually get them evicted and thankfully they didnt trash my property (though they left a lot of trash that cost me $500 to get rid of but o well).The other time this happened was a tenant I moved in who had a good job at a hospital, the hospital had a program where they paid the security deposit and first months rent.
James Boland
Help with advertising in NYC
3 November 2024 | 2 replies
Does anyone have any advice on Jewish publications, or any good source for an advertising campaign?
Matthew Brown
Private Money Scaling
5 November 2024 | 5 replies
Create LLC have dad lend money to LLC, use this loan as down payment on larger property(s) as your dad’s loan is NOT secured by real estate but by the LLC.3.