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28 December 2024 | 24 replies
STRs specifically have supercharged our passive income goals and cut down our initial goal of a 10 yr run to get where we want to be in half.
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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.
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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.
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18 December 2024 | 15 replies
Hoa does not allow us to cut the tree though.
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16 December 2024 | 13 replies
A strong buyers market indicates sellers price cutting and listings being bought under value which would lead to equity losses.
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23 December 2024 | 34 replies
.#3: Short cuts are not efficient.
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30 December 2024 | 89 replies
To me that reeks of someone that wants to do STR (which you do), but is trying to hid that fact behind a term that doesn't indicate what's being requested.To me, a "corporate lease" would mean someone wants to lease a unit for their business and put it under a company name, and not someone that's trying to lease to STR visitors.I need to make a cut-and-paste reply to this question like that dude who literally replies with a mile long message to everyone that asks about LLC.
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31 December 2024 | 20 replies
Instead, it’s about creating a sustainable model that balances profitability with cultural and societal value.Capitalism, at its core, thrives when there’s a focus on value creation—not just cutting costs but creating something meaningful and enduring.
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21 December 2024 | 8 replies
So posts like "do you need to sell your house fast" is not going to cut it.Actual value so that people like and share your posts.The best maerketing is done when you cross pollinate your efforts.Send them to your youtube video, and from therem send them to your instagram.
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14 December 2024 | 7 replies
I know someone who ahd a loand written at 10% from years ago and now they said a state is requesting more info on the loan because it was above usury laws and they may have to cut a check back to that person.Let me guess, good old Pennsylvania?