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20 December 2024 | 5 replies
Feel free to share any tips or ask me questions!
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25 December 2024 | 22 replies
If you need additional verification, you can kindly request a government-issued ID, but it’s best to communicate this upfront in your house rules.Happy to connect and share more insights!
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20 December 2024 | 6 replies
In a more populated market, you will have more people sharing the same internet hub and it can affect your true speeds.
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21 December 2024 | 10 replies
So you have this shadow plat underneath a 10 acre lot The county assessor since its all one ownership would just show the acreage and no individual lots IE not give them apn #s so if you were looking at the county assessor maps you would just see this 10 acre lot..
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23 December 2024 | 24 replies
I would say anytime you can add value in real estate through taking a distressed property and fixing it up and adding value it is a good choice whether its for investment or primary ownership purposes.
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20 December 2024 | 3 replies
Happy to share more how I do it.
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18 December 2024 | 0 replies
All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.
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16 December 2024 | 7 replies
Thanks for “sharing” your investment techniques.
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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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20 December 2024 | 9 replies
🤔 I was raised sharing is caring. 😊 True.