
16 August 2024 | 2 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

18 August 2024 | 13 replies
A customer of mine mentioned she is selling off all of her properties as she is 80 and looking to enjoy the rest of her life task free.

15 August 2024 | 7 replies
Personal property is depreciated on a much shorter timeline than the default depreciation life of a rental property (27.5 years).

16 August 2024 | 2 replies
Near the end of the useful life, there is less value to accelerate, decreasing the benefits of a cost seg.Properties with small purchase price:Cost segregation companies should provide you with a quote so that you can determine if the benefits outweigh the cost.

16 August 2024 | 8 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
15 August 2024 | 2 replies
Depending on the facts and circumstances of the agreement, it could either be treated either1) the sale occurs as of the original agreement date, and then your taxable gain is generally spread out over the life of the principal payments as an installment sale (although I should mention any depreciation you've taken on your property could affect this), or2) the sale does not occur until the lease option is exercised, and gain reported at that time.

15 August 2024 | 6 replies
Have you considered a house hack where you buy a small multifamily and life in 1 unit yourself.

16 August 2024 | 21 replies
Are you in a point in your life where you are ready to take on risks or looking for some steady investment income?

15 August 2024 | 0 replies
For example, a buyer putting 20% down on a $500k home would pay around $500k in interest over the life of a typical mortgage at the current ~6.5% rate.