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17 December 2024 | 3 replies
@Ron SausaWelcome to the community and be ready for a huge amount of information at your finger tips.
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16 December 2024 | 12 replies
Hopefully, they don't go bankrupt lol - In order to get started with the process, I have to pay $1000 deposit.
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20 December 2024 | 5 replies
Too many want clean title earlier in the process.
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20 December 2024 | 2 replies
I am in the process of analyzing my next purchase and I was curious what resources people use to gauge how much they could rent a property for.
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20 December 2024 | 3 replies
Create systems and processes right off the bat.
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18 December 2024 | 2 replies
These kinds of developments can be huge draws for both residents and investors.
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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.
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18 December 2024 | 5 replies
Are you finding the funding process smooth, or do you run into challenges?
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21 December 2024 | 6 replies
If this is a "store bought" fire place (not a wood stove) then usually only processed presto logs are appropriate because they burn at a constant speed and keep the heat down.
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18 December 2024 | 5 replies
3) It's been 5+ years since we've seen a S8 tenant lose their voucher for property damages, not paying their portion of the rent or utilities, or other lease violations (letting others move in with them).It's our opinion that #2 & #3 above are caused by overworked caseworkers not having the time to process the extra required paperwork, so they take the path of least resistance.4) S8 needs someone at the federal level to put more of the program online and streamline the process!