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16 October 2024 | 27 replies
However as a huge coincident I got a text yesterday from one of my Real estate partners of the early 80s who lives in the county my family was very active in . and he said HEY you have overages on one of your moms lots LOL.. so going to contact the county today and see how this works as she has since passed ..
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14 October 2024 | 3 replies
From what I’ve read recently in the Wall Street Journal, the IRS doesn’t seem too picky about who manages the property initially.. what matters is that it’s actively being rented out.Now for Question 2, the key part to keep in mind is whether you hit that 100-hour rule in terms of participation for 2025.
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14 October 2024 | 13 replies
Hi @Suhaib Rehman,I don't believe John has been active on BiggerPockets for some time now, but the Cape Coral market, and a few others surrounding, are certainly still feasible for investment purchases depending on your strategy and investment parameters.
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16 October 2024 | 10 replies
She’s been advised to move her $35k 401k into real estate investing, and she wants to move closer to me.Potential Investment PropertyI’ve been actively seeking investment properties and have built a relationship with an experienced broker.
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16 October 2024 | 22 replies
Every time mortgage rates drop, we see significant increase in Buyer activity.
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15 October 2024 | 26 replies
Are there specific areas in Texas where you're noticing bigger shifts in prices or market activity?
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12 October 2024 | 12 replies
Some land flippers will buy unwanted and neglected parcels of raw land for a bargain and then improve them by clearing the land or even leveling it before selling it on.Most land flippers are making money by actively seeking and marketing their land flip projects.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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16 October 2024 | 25 replies
This approach helps mitigate risk, especially in a fluctuating market, by allowing you to weather potential downturns.Your strategy of going long on USD and short on AUD is intriguing, and it's smart to consider how the currency exchange dynamics will affect your investments.Regarding the Austin market, there has been notable activity in the lower end and affordable housing segments, with many buyers entering the market as they look for opportunities.
10 October 2024 | 0 replies
Those expenses are crucial in determining your overall rental income and the amount calculated into a child support payment.This post originally appeared on the BiggerPockets blog.