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15 November 2024 | 10 replies
I pay them a very nice bonus at the end of the year, so realistically it's probably more like $35/hr, so my labor cost for the job would be around $7,000.
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14 November 2024 | 10 replies
Quote from @Melanie Baldridge: Newton's law of tax: What goes down must come up.Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?
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14 November 2024 | 21 replies
I think that it is a bonus to have your own domain email, however, I think it is fine to have your name @gmail.com.
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17 November 2024 | 5 replies
Well I knew I could subdivide or I knew the density bonus's applied etc etc.
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13 November 2024 | 4 replies
Look at the comps in your market, having extra storage is a bonus so as long as it has working electrical I wouldn't spend much time or money on it other than making sure it's clean for showings.
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12 November 2024 | 4 replies
TIAGlad to see you’re taking advantage of bonus depreciation.
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12 November 2024 | 1 reply
Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!
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20 November 2024 | 45 replies
Never mind the quality customer service you get from an LO who is more incentivized to close your loan rather than a W2 employee who is paid hourly with small commission bonus.
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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.
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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.