Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
Jamie Parker
Reinvesting in the business (How to structure paying self)
15 November 2024 | 17 replies
You may want to consider taking a percentage of Profits though instead of Revenue.
Corinne Johnson
Emotional Support Animal causing noise complaints in a long-term-rental
10 November 2024 | 18 replies
I do not suspect that PetScreening.com catches a large percentage of the bogus ESAs, but just the potential of their ESA being flagged as bogus and losing their application fees to s far better than doing less.
Ramatu Kuyateh
Need assistance in understanding the investment process from one state to another
6 November 2024 | 7 replies
If not true, what would be the rate percentage for down payments?
Gary Bonds
Remote Str Start Up
8 November 2024 | 12 replies
There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!
Bryn Chatterton
New to Rental Property Investing
8 November 2024 | 3 replies
We calculate rent plus all debt payments as a percentage of gross monthlyincome.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihoodof a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’tchange their minds.
Beverly Lafia
Nightmare Tenants that is always pushing the boundries
8 November 2024 | 17 replies
They probably flag a small percentage of bogus ESA authorizations but just using them discourages bogus ESAs 2) require all ESA authorizations be AB468 compliant.
Bryan Fleming
General questions from an aspiring wholesaler
8 November 2024 | 7 replies
The point is simply to save time so you can focus on calling.Our main business is just to set listing appointments for real estate operators for free and take take a percentage of referrals after.
Sonu Sundar
Any new builders allow investors to buy their house?
6 November 2024 | 12 replies
A property profile has at least four elements.Location - The locations where significant percentages of the target segment are renting today.Property type - The type of properties they rent today.
Kiran R.
NNN in QSR - Percentage Rent Lease vs 5 yearly increases
27 October 2024 | 8 replies
Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI) and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.