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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..
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27 November 2024 | 16 replies
Note I am not stating I find this ideal, but if an operator has outstanding performance record, I may be able to tolerate sub-par communication.
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25 November 2024 | 12 replies
Hey all anyone know any good SMS Marketing sites or places to use.
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2 December 2024 | 35 replies
Sites like Census.gov or Zillow's market trends can give great insights.
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21 November 2024 | 14 replies
The problem, I'm being told none of the sites are suitable for a inground septic system.
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27 November 2024 | 1 reply
I hear the same thing at local meetups and on this site.