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23 September 2024 | 4 replies
The two earliest popular and successful “gurus” were Jimmy Napier, whose speciality was investing in notes, mobile homes, and real estate “exchanging”, and John Beck, whose speciality was tax auctions, and complex series of exchanges in which John used near worthless lots acquired for pennies at tax auctions at full tax assessed value for exchange purposes, usually as a downpayment, or as collateral for a private note.
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23 September 2024 | 6 replies
Decide the type of properties you want to invest in, find a broker specializing in those properties, decide on your investment parameters, and then start looking at for sale properties.
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24 September 2024 | 8 replies
I manage a couple in that area.I am also a broker in the area and specialize in acquisitions for STR investors, let me know if I can be of any help!
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23 September 2024 | 10 replies
., structuring it as an installment plan if needed).If you can’t find an individual investor, you might look for a property management company or real estate investor group that specializes in STRs.
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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.
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24 September 2024 | 11 replies
This setup will lead to higher tax prep fees and if you refinance these properties the IRS will consider this selling the property and you will have pay taxes at the end of the year on a property you didn't actually sell.I recommend finding an accountant who specializes in real estate taxation and tax planning and set up a paid consultation before you do anything.
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9 October 2024 | 312 replies
Stanger, an investment bank that specializes in real-estate funds.These developments have left the Starwood Real Estate Income Trust, known as Sreit, with three options—none of them appealing.
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21 September 2024 | 7 replies
Highlight the cash flow and equity in your property when negotiating with lenders, as this reduces their perceived risk.Ultimately, you may need to reach out to multiple lenders or brokers who specialize in DSCR loans to find one willing to take a second position.
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24 September 2024 | 21 replies
Consider reaching out to lenders that specialize in investment properties and can move quickly to capitalize on the current market conditions.
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21 September 2024 | 6 replies
However, you should be able to receive emails for your leads and also text messages can be enabled in some special cases.