
24 September 2024 | 5 replies
They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money.

24 September 2024 | 16 replies
Are there other software products out there?

23 September 2024 | 2 replies
The issue at the end of the day I believe was a lot of their products were cheaply made from overseas.

24 September 2024 | 8 replies
Lendio shut down it's accounting product "Sunrise".

25 September 2024 | 6 replies
If you're building one at a time and one of the big monster production builders needs work done from your #1 go to, you need a backup plan, and a backup plan to that backup plan.#3.

24 September 2024 | 15 replies
This is going to determine the pricing on this product as most blankets (with good pricing) have minimum loan amounts of $500,000.Happy to connect!

25 September 2024 | 14 replies
STR insurance is a niche product with few actual insurers, so the brokers are all selling the same paper.

24 September 2024 | 4 replies
I have partnered with a number of production builders that are starting to do what you mentioned.

23 September 2024 | 6 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.

27 September 2024 | 44 replies
I was quoted about $6k to $10k depending on what what products/packages that included what I was looking for.