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.
Isaac S.
Delaware Statutory Trust DST 1031 Difficulty Giving up control
12 November 2024 | 171 replies
We use his expertise for a different reason but feel free to PM me and I will share his info.Also, for those on this thread who are seeking to defer tax in 2023, consider the value of syndications who are utilizing cost segregation and bonus depreciation.
Brody Veilleux
Conflict between Lenders
8 November 2024 | 10 replies
I also get the added bonus of a bunch of travel points haha Is it possible to get this loan for an investment property?
Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
- Section 8 signing bonus.
Cherilyn Williams
3rd late payment in 5 months
6 November 2024 | 6 replies
If you end up serving them on the eviction, offer a bonus to the server to get it done in 24 hrs so it gets done pronto--best of luck
Zac Kucharek
First House Hack Tax Planning
7 November 2024 | 7 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Vincent Antinore
Buying a duplex that has a third unit
3 November 2024 | 4 replies
Most people who buy 2+1 and think they can use the third and get busted on that, end up renting the bonus unit to the top or bottom unit as extra space, but that is a loss on what would be unit rent by more than half.
Harika Tumula
Your thoughts on buying a townhouse in Greenville, SC
4 November 2024 | 7 replies
It's more of a bonus when it ends up happening.