John Micco
Short term rental build out
22 September 2024 | 0 replies
She is old-fashioned (using paper and pencil), but she is not super expensive and works to produce the plans quickly.She is:http://dragonarchconsulting.com/
Kyle Fitch
How Long to Reach $ 1 Mil Net Worth
25 September 2024 | 22 replies
You also can overcome some of the cash flow problems that could occur.Also remember just 6% of americans are millionaires.
Melanie Baldridge
Bonus Depreciation one of the best parts of RE Tax Code
23 September 2024 | 6 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.
Salvatore D'Agostino
Best Cost Seg Company?
21 September 2024 | 14 replies
Look for the Certified Cost Segregation Professional (CCSP) designation, which indicates certification by the American Society of Cost Segregation Professionals (ASCSP).
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
24 September 2024 | 49 replies
The Federal Americans with Disabilities Act and the Federal Fair Housing Act approach the topic differently and cover different segments of the community.
Matthew Irish-Jones
Cash is NOT King... in Real Estate Investing
21 September 2024 | 69 replies
If you get a property that has all new mechanicals, fully updated units, get it all done in a timely fashion, and still leave 25% in the deal you are WAY ahead of the game, due to the fact that you have front loaded risk and updated your mechanicals.
Michael Quarles
What Happened to BP?
24 September 2024 | 27 replies
That said, I'm American, and self-managed a portfolio in the US for 10 years before moving here, and I still only invest in real estate in the US.
Stacy Brown
Investment property insurance
18 September 2024 | 1 reply
Right now we use American modern insurance group.
Larry Nielsen
LLC Tips for Real Estate Investors
18 September 2024 | 6 replies
I am actually an advocate for owning investment real estate in an LLC, but in a far simpler fashion than most believe is necessary.
Dave Allen
First time Landlord Insurance questions for Central FL
18 September 2024 | 2 replies
- Citizens Property Insurance- American Integrity Insurance- US Coastal Property & Casualty Ins Co- Kin InsuranceDoes anyone have any thoughts on these companies?