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6 February 2025 | 5 replies
Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.
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28 January 2025 | 14 replies
They cover the counties with online access to public records (over 2200 counties).
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23 January 2025 | 11 replies
They put alot of the meetings online as well with information that comes from them.
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12 January 2025 | 3 replies
Networking, local meetups, door knocking, mailers, wholesalers, online forums specific to your area of interest.
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20 January 2025 | 31 replies
I'm trying to decide if it's worth it to help me build a credit profile/score for my company which will be independent of my personal credit.
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6 February 2025 | 7 replies
An ignorant person lacks knowledge or awareness.
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10 January 2025 | 13 replies
Quote from @Monish Anand: Start by looking for personal recommendations from investors in that market, then look on realtor.com or a google search.DO NOT use agents suggested by a website like realtor, Zillow, etc.
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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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6 February 2025 | 30 replies
From what I have researched they seem legitimate but the person I am working with is flakey, takes forever to answer questions so I thought I would see if anyone else had experience with this lender.
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7 February 2025 | 2 replies
Meaning they went into a standalone bank account (not mixed with your other personal funds).