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15 October 2024 | 0 replies
Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.
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15 October 2024 | 1 reply
If the rising values had reflected property improvements and upgrades (rather than massive profit taking) the rapid rise in prices would have been justified.
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15 October 2024 | 2 replies
A few quick tips:Run your numbers – Flip for a profit by factoring in renovation costs, holding costs, and market trends in the area.Line up financing early – If you're using a VA loan, it's great for long-term holds, but for a flip, hard money or private lenders might fit better.Build your team – Lean on your local contacts (family, friends, or contractors) to be your boots on the ground.
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15 October 2024 | 26 replies
I target cheap C+ class homes because turnovers amongst this class of tenants is almost zero, and the profits are much higher.
15 October 2024 | 69 replies
One of the properties sold back in December 2023 and we were told that we would be receiving an update of the profit in January.
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17 October 2024 | 20 replies
Or, ya know, pay someone to do all that and hope n pray there is any profit left on it for you.
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16 October 2024 | 32 replies
Some areas may still be good to invest in even with global uncertainty.Interest Rates – Try to get a good mortgage rate now, as waiting for rates to drop could be risky.Cash Flow – If the rental income covers your costs and gives a profit, it's a good sign to buy.Long-Term Thinking – Real estate tends to grow in value over time, even if there are short-term changes.Rather than holding off, look for deals that make sense for your goals now.
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14 October 2024 | 2 replies
Keep in mind @Mario Morales that they take premiums, invest them so there is a profit component on invested returns, and hence amplifies how far the $ can spread on payouts. less than stellar returns and expanding claims, yes, rising premiums is a certainty.
15 October 2024 | 6 replies
To determine the best option, we should run the numbers for both scenarios and see which is more profitable.
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15 October 2024 | 5 replies
Changing whole buildings over isn't always practical (or prudent) and we will be running buildings profitably with galvanized pipes in the walls for the rest of my career.