Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Now if try tailing the entity on deed "up-stream" come to find it's a meandering trail of breadcrumbs, come to find they themselves are debt loaded via notes on properties to other entity, that again is a meandering trail ending in WY entity behind a wall of ownership interest in such so never get peoples names.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
There is a reason the sellers of this paper off load it for pennies on the dollar...
Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
Hannah Tate
Anyone Invested Internationally? Mexico?
10 November 2024 | 19 replies
Instead, they load the apps on the TV and let the guests log in with their own credentials.
Chris Lo
Ev charger on a SFH rental unit
4 November 2024 | 9 replies
Either load is too much for a 100 amp service when you figure other loads (washer and dryer, fridge, etc.).
Christina Tsutsui-Tharp
Primary into great cashflow
4 November 2024 | 0 replies
Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.
Peyman Ayoubi
What's the best decision in my situation?
3 November 2024 | 11 replies
The wall between the kitchen and living should be as open as possible (could be load bearing) but the wider that door way the better.
Loren Cota
Wholesaler on Big Island
5 November 2024 | 15 replies
I am a property manager in Kona and we are not currently taking on mid term rentals because we don't want to promise anything to our owners that we may have to go back on if the bill passes to some capacity.
Yehuda Spiewac
STR Co-listing - Tips
5 November 2024 | 5 replies
(as long as you're in a market that doesn't require you to be licensed to act in that capacity).When it comes to profit margins, they can vary widely - which is why it's important to run your numbers before you take on a property.
Marizel Ashby
New and Excited to connect
7 November 2024 | 13 replies
As you have already learned, Bigger Pockets is loaded with all the experience you will ever need.