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25 November 2024 | 5 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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26 November 2024 | 1 reply
I focused on construction to permanent loans on site built, manufactured, and modular homes.
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20 November 2024 | 15 replies
Quote from @Ricky Hernandez: Hi Everyone, I'm planning to purchase my 1st home in Arizona and was wondering if you had any good tips on finding a dependable home inspector?
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1 December 2024 | 31 replies
Many Ohio real estate professionals use this site, so you should be able to find the help you need.
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22 November 2024 | 2 replies
Any way to delay the official sale to keep taxes low while still maintaining a contract to buy?
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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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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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7 December 2024 | 150 replies
I need to get more experience under my belt.And Brandon, I agree as well.Most here on BP, believe that buying notes is some other aspect of RE investing, it's not really, I don't even know why it's on a real estate site.