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28 November 2024 | 184 replies
Trofimoff et alall of the information is from Pacermonitor, a site for court information.
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25 November 2024 | 2 replies
From a performance standpoint, I see a big change.
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30 November 2024 | 16 replies
@Mic Salvador,Doing BRRRR out of state is going to be pretty tough, unless you’re willing to move there and live on-site for the duration of the rehab and leasing process.I run a turnkey operation out in Alabama and I saw that @Min Zhang already recommended turnkey as a possible alternative—have you given that any thought?
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26 November 2024 | 4 replies
To maximize the tax benefits of STRs, it’s essential to track your time and other people's time spent on the property, avoid staying in the property more than 15 days, and perform a cost segregation study to accelerate depreciation.
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25 November 2024 | 12 replies
As an accredited investor you have access to hundreds of new potential syndications every month (and crowdfunding deals which are the same thing except are allowed to market on the Internet).You may want to start off on a site like CrowdStreet or FinResi , where you can view the variety ( different types of asset classes, strategies, stances) and start to come up with your own method for looking at deals (which matches your unique, personal risk tolerance, financial situation and financial goals).Thanks Ian.
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26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
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19 November 2024 | 2 replies
A cost segregation study was performed on this auto repair shop in Nevada with a depreciable cost basis of $1,250,000.
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26 November 2024 | 22 replies
The problem is NOT the use of remote entity as any fraudulent activity will fall back on the individual performing fraudulent acts.
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1 December 2024 | 93 replies
Jake and Gino have one you can download from their site, but it wasn't like the pitch decks I've seen for non-real estate investments; it's a little cartoonish and didn't make me want to become an investor with them.
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19 November 2024 | 10 replies
Yes, jump on the STR sites and the MTR sites..