Felicia Richardson
Land Purchase Down Payment
21 December 2024 | 12 replies
I've spoken with Vystar Credit Union, AgSouth and Navy Federal.
Karl Kauper
Laid-Off Tenant in Euclid, Ohio
14 December 2024 | 6 replies
Any government programs available?
Tiffy W.
Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
Only government and insurance companies insist on not letting go of mail.It's good asset protection.
Benjamin Finney
Macro Economic Indicators to Inform Investment and Lending Business
23 December 2024 | 5 replies
I do not trust unemployment numbers and a lot of the data from the government so we use what we see in front of us.
Chris Scarazzini
New BP Member
26 December 2024 | 15 replies
Research neighborhoods near colleges, government offices, and hospitals, explore FHA loans, conventional loans, house hacking strategies, and connect with local investors.Good luck!
Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
I can’t imagine the returns you would have to generate. 22% federal tax, plus 8% state tax, plus 10% penalty.
Katharine Chartrand
Someone bought the right of redemption.
19 December 2024 | 8 replies
In Oregon you can kick out who ever is living there unless the federal law regarding arms length leases comes to play..
Melanie Baldridge
Bonus depreciation ?
16 December 2024 | 0 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.
Mike Auerbach
What is the real point of doing a 1031 exchange anyway? - Simplest explanation
19 December 2024 | 7 replies
When the local/state government turns on you and you need to bail on your market.
Jae Yoo
Property management break contract
16 December 2024 | 3 replies
As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action?