William Downey
Managing / Organizing Finances for Flipping Business
9 October 2024 | 2 replies
Do what makes sense for kickbacks on your cards (hollar Amazon) but I have two main cc with great bonus plans that I use for most materials.
Jonathan Bock
Do investors know what their tax rate is?
10 October 2024 | 23 replies
Like vehicles airplane or equipment for your contracting business .. or real estate with its bonus depreciation but its going down and not as attractive as a few years ago for sure.
Grant Tallmadge
Property Manager in Denver
8 October 2024 | 17 replies
"Used this company (resrents) as an owner, at first they treat you like royalty until you truly sign up with them to rent your property.
Julio Gonzalez
Cost Segregation on Condo
6 October 2024 | 0 replies
Assets identified in this study include:Permanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
Alfredo Cardenas
Reps Status (via wife) & Material Participation to offset W-2
7 October 2024 | 20 replies
You can use REPS through your wife to offset your 2024 W-2 income by combining your time for material participation and doing a cost segregation and bonus depreciation on the remaining rentals.
Teahjsia Frazier
Looking to purchase next property
9 October 2024 | 8 replies
The real estate appreciation, you can reduce your taxable income, and the interest on your mortgage is usually deductible, which is a nice bonus.
Alexander Phillips
1st time buyer, cold feet after mess + closing cost increase of 3%, can I back out?
10 October 2024 | 19 replies
Bonus that the rents are higher than the lower comps you pulled (double check because tenants shop around, so may be your comps were not equivalent).
Roy Mitle
K1 challenges on syndication
8 October 2024 | 11 replies
KowalIf this is true a sound strategy is to get bonus depreciation to get as much loss as possible (which gets to reduce my pension income) and as much sec1231 gain (which becomes cap gain)
Don Konipol
10 Most Common Incorrect Beliefs by Inexperienced RE Investors
9 October 2024 | 21 replies
One or two gurus spend on average of a documented $100,000 a month in employee costs, taxes, office space, marketing and bonuses.
Kristi Miller
Has anyone started a STR cleaning company (or PM company)?
8 October 2024 | 14 replies
I have also experienced owners give cleaners a bonus for every certain amount of 5 stars they get in the cleaning category!