Cheryl J McGrath
Seller financing options
10 December 2024 | 6 replies
I don't know your state but I suspect you would be breaking some law, as you are likely unable to legally market something you don't own or have use and possession rights.
Pat Arneson
Wholesalers Holding and Flipping vs. Assigning
16 December 2024 | 3 replies
They could have particular styles or things that they specialize in and wholesale the rest.
Josh Herman
Hey BP -- Nationwide wholesaler (sourcing properties) with a few years experience.
16 December 2024 | 1 reply
I was determined and wanted something that I could sustain for the long term for my family's livelihood and control the effort I put in and the results I got from that effort.I specialize in sourcing properties for fix and flip investors nationwide (wholesaling, but with real-world experience and closed profitable deals for myself and my investor partners) with a roadmap to acquire rental properties as finances permit.A lot of our deals are currently coming through organic search as I have a background in substantial traffic generation through search engine optimization and organic means.
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.
Garrett Brown
A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
We have a big place so it is families and groups.I do ask guests before booking if they are celebrating any special occasions and I will add some extra things to the welcome box that fits if I can.
Keith Richardson
Should I open an LLC for each property?
24 December 2024 | 9 replies
Might be worth chatting with a CPA or attorney who specializes in real estate to figure out what works best for your situation.
Elijah Berg
36% Rent increse Two weeks Into First duplex as a 19 year old Investor
4 January 2025 | 23 replies
though everyone at the closing could not believe that I was only 19 years old and buying their first duplex it made me feel really special and and good knowing I was performing better than anyone near my age group.
Dani Murai
General Contractor that services the Torrance/Gardena Area
17 December 2024 | 3 replies
We specialize in working with investors on projects like this.
Jorge Abreu
Celebrating Success and Building Relationships 🎉🤝
20 December 2024 | 3 replies
Jorge, that first sale feeling really is something special, isn’t it?
Jack Gardner
2 Bedroom / 1 Bath Rent Prices in Northeast Minneapolis
15 December 2024 | 5 replies
For example, instead of an initial 6-month lease at $1,200/month, and then re-renting it in the summer with a higher rental rate, you could market it as a 16-18 month lease term (again, great suggestion by Tim) at $1,600/month with a "1 Month of Free Rent" special which you could either divide evenly across just the first 4-6 months of the lease, or prorate over the entirety of their lease term.