Ana Mills
Handyman can connect eletrics for Mini Split
23 December 2024 | 15 replies
Hire a licensed and insured electrician there are codes that are in place to protect people and property it is a safety risk that you should not cut corners to save a few dollars on.
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
"Be as blunt as you can."?
James Carlson
Are STRs as we know them dead in Colorado (and other places)?
27 January 2025 | 56 replies
And you're totally right, housing issues cut across political and other lines.
Wesley Myers
Offering Netflix (or any others) for free??
21 December 2024 | 12 replies
A neat feature with xfinity (no I don’t work there 😀) is the voice remote and once you have one box you can stream the service to the rest of your TVs cutting down the cost of extra cable drops.
Shayan Sameer
Fix n Flip 70% rule
3 January 2025 | 45 replies
As for funding, hard money can cut into profits, but it’s useful for scaling quickly.
Erin Helle
One month left in 2024 - What are your Goals!
23 December 2024 | 20 replies
1) As an agent put 3 more under contract this month for going into 20252) Cut internet and car insurance bill down3) Start prepping for tax time, organize expenses yay lol
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
You can give notice to one of the tenants, then move in and rent out rooms to further cut your living expenses.Yes, something I've considered but does require me to move from CA to TN, so big life change.
Melanie Baldridge
Bonus depreciation ?
16 December 2024 | 0 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.
Will Almand
Multi Family Investing Cons
18 December 2024 | 4 replies
There are a lot of investors that want to get started and don't have the money to buy a 20 unit, but want more than a SFR, so they buy a duplex to quad.I only know of a handful of quads in my market that got cut up into 4 condos.
Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
Then my firm cuts me my share in a commission check that I may get 4 days after that.