Ori Skloot
Remodeling Cost for Small Apartment With Pics (Example)
15 November 2024 | 10 replies
I pay them a very nice bonus at the end of the year, so realistically it's probably more like $35/hr, so my labor cost for the job would be around $7,000.
Melanie Baldridge
What is recapture?
14 November 2024 | 10 replies
Quote from @Melanie Baldridge: Newton's law of tax: What goes down must come up.Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?
Alec Jacobs
How nice should a rental's basement be?
13 November 2024 | 4 replies
Look at the comps in your market, having extra storage is a bonus so as long as it has working electrical I wouldn't spend much time or money on it other than making sure it's clean for showings.
Mike Jakobczak
The Truth about your E-mail Account
14 November 2024 | 21 replies
I think that it is a bonus to have your own domain email, however, I think it is fine to have your name @gmail.com.
Michelle Glover
Lots of offers but appraised low
19 November 2024 | 26 replies
The seller converted one of the garages into a bonus room and it added 300sqft under AC.
Melanie Baldridge
RE Pro status to make the best case with your CPA and the IRS
12 November 2024 | 1 reply
Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!
Jean G.
How much to bid on commercial NPNs (past maturity)
17 November 2024 | 5 replies
Well I knew I could subdivide or I knew the density bonus's applied etc etc.
Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
The #1 way real estate investors defer taxes to later dates is with a system called depreciation and bonus depreciation.Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income.Generally over a 27.5 (residential) or 39 (commercial) yr time frame.So each year you can write off a few percent of the purchase price against your income.
Jerry Zhang
How is Seller Protected if they are in 2nd position?
6 November 2024 | 8 replies
If it isn’t a “bonus” situation listed below I wouldn’t do it as a seller, even for 12%.
Tom Dean
Suggestions for STR location between $250k - $325k?, southeastern quadrant of US
8 November 2024 | 38 replies
If you are not a real estate professional and bonus depreciation is limited to 40% starting Jan 1, the tax benefits are going to be pretty minimal unless I am missing something.