Edward Heavrin
Paying off a rental aggressively. Pros & Cons?
20 October 2024 | 84 replies
But, that being said, there are the numbers on paper and then there's the psychological component.... the human behavior component.
Adolphus Fletcher
Any experience getting property rezoned in Philly?
14 October 2024 | 5 replies
I like to look at each component of the process on an itemized level first so that when I do work with a developer I can have my own reference for all the bundled costs associated with the build proposal.
AJ Wong
📝Zillow Survey: 80% of buyers & investors to consider climate risks with new tool
12 October 2024 | 2 replies
., including floods, earthquakes, and severe storms.USDA Wildfire Risk to Communities – Offers detailed insights into wildfire risks for homes in specific regions, particularly useful for properties near forests or dry areas.Risk Factor – Analyzes flood, fire, and other climate-related threats for individual properties, giving you a risk score.Climate Check – Delivers property-specific climate risk ratings, covering heat, drought, fire, and floods.Do you consider environmental factors like flood and heat when investing?
Timothy Hicks
Land Acquisition and Entitlements Financing Equity Partner
13 October 2024 | 9 replies
CA can and is the 500k to 2mil or more depending on the location jurisdiction etc etc.. of course small plats are not that much.. but if you need to do an EIR ( Environmental Impact report) we were paying 200 to 300k for those back in the late 80s..
Dennis Smith
Question about values after a natural disaster
11 October 2024 | 12 replies
It was published last year in the Journal of Environmental Economics and Management: https://www.sciencedirect.com/science/article/abs/pii/S00950...
Haider Tiwana
Elon Musk's xAI supercomputer brings serious environmental risk to Memphis
8 October 2024 | 1 reply
The supercomputer went live last month. Everything's been pushed thru a bit hush hush without much debate. Will this help our economy? 300 jobs isn't a lot to bring to Memphis for a $3-4 billion dollar project (it doe...
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
William C.
Cost seg depreciation recapture model
13 October 2024 | 11 replies
The final 1031x regulations clarify that nearly all building components identified as five and seven-year property through a cost segregation study are, in fact, real property under Sec. 1031.
Ofir R.
Inspecting a property from afar
11 October 2024 | 13 replies
My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!
Account Closed
Here's How to Calculate Rental Income For Child Support
10 October 2024 | 0 replies
You won’t be surprised that many states consider that pretty penny a critical component when calculating these payments.As with any financial analysis, it’s essential to understand how to break down the numbers, especially regarding child support.