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6 November 2024 | 2 replies
The plaster shows mildew, and because it holds so much moisture, he has recommended taking down the damp plaster before the weight of it collapses.
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9 November 2024 | 87 replies
And yes, in full clarity, this is a "loaded question".
10 November 2024 | 19 replies
Instead, they load the apps on the TV and let the guests log in with their own credentials.
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6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
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4 November 2024 | 9 replies
Either load is too much for a 100 amp service when you figure other loads (washer and dryer, fridge, etc.).
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6 November 2024 | 6 replies
This should transfer the weight of the room to the new support as the seasons change.
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7 November 2024 | 13 replies
As you have already learned, Bigger Pockets is loaded with all the experience you will ever need.
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4 November 2024 | 0 replies
Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.
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9 November 2024 | 27 replies
Also that syndication is a whole other beast, and while there are tremendous benefits from starting a syndication, like taxes, acquisition fees, sharing the work load, etc, the risks are that much bigger.
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3 November 2024 | 11 replies
The wall between the kitchen and living should be as open as possible (could be load bearing) but the wider that door way the better.