Kyle Neimeister
Looking to Connect with Columbus, OH Investors.
21 December 2024 | 6 replies
You have uttered the words that act like a whistle for the Pied Piper so I will get out ahead of it.
Lorenzo L.
Graduating college soon, should I stay in Boston, or go to Miami?
17 December 2024 | 1 reply
In Miami, i have my family and also have great opportunities to build a career there from my parents relationships.Now, im not sure if when i graduate, go to Miami where my family is and start from scratch or if i should stay here in boston and continue building relationships to be much ahead when i graduate.What do you guys think?
Marc Brown
Mid term rentals by the room
17 December 2024 | 3 replies
Looking forward to the journey ahead....
Brandon VanTuinen
First house hack - too expensive?
20 December 2024 | 9 replies
Without factoring in tax benefits and principal pay down, you're $1800 ahead of the game by house hacking.
Meghan Dreher
NEW STR coming to market algorithm optimization
20 December 2024 | 10 replies
I'd go ahead and list it.There are many past posts on how to improve your search list placement such as making frequent changes to listing and updating pictures.
Jerem Kaawaloa
Aloha from Hawaii new member
16 December 2024 | 18 replies
Happy holidays to all and wishing you a prosperous year ahead.
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.
Sam Penrod
New member from Indianapolis, IN Sam Penrod
16 December 2024 | 6 replies
Looking ahead, I’m aiming to start investing in long-term opportunities in Spring 2025.
Travis Boyd
Should I wait to form my LLC until after my first purchase
14 December 2024 | 6 replies
Just add novation language allowing the change of buyer name and inform the title company and lender of the change ahead of time.
John C.
Owner Financing in Pennsylvania
17 December 2024 | 9 replies
At your scale, you would likely need to go full steam ahead and get the required licenses.