
16 October 2024 | 1 reply
What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

15 October 2024 | 9 replies
If so, can anyone in this market give me any examples of recent deals they have been involved in which hit the 2% Rule?

17 October 2024 | 3 replies
This involves updating the property records and ensuring that all units are now under a single tax identification number.

22 October 2024 | 23 replies
These are individuals who are already conditioned to take on greater risk with the hope of a higher reward outcomes and will be attracted to the potential of syndicating real estate deals.Despite the greater risks associated with their current professions, I am sure most if not all are involved in businesses with greater than a 2-3% success rate.

18 October 2024 | 2 replies
It typically involves the following steps:1.Seller Deliverables.

17 October 2024 | 12 replies
It isn't something you can pick up in a few Forum posts.Honestly, if you need private funding, you're best off finding an experienced private lender and doing at least one deal with them to at least see what's involved, long before involving your friends and family.That is, unless you don't particularly like having friends and family...

17 October 2024 | 3 replies
There are no real estate agents involved.

15 October 2024 | 3 replies
What methods are you finding most effective, or what are you hoping to try?

15 October 2024 | 2 replies
What methods are working best for you?

26 October 2024 | 25 replies
No hoping, waiting, timing involved.