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12 February 2025 | 12 replies
If it's going to be a bonus space for your rental, or you want to keep a very unique and vintage vibe going, and it's not operational (say it's a gas fireplace and you cut off the gas to it) then it could stay.
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5 February 2025 | 9 replies
I think that Chat GPT hilariously acknowledges, however, that if this person then goes on to run for governor of Colorado, then, despite their likely lack of time and attention to the money I put into the investment, that they are likely to put up phenomenal returns as a nice bonus of either being in office, or being a threat of attracting any meaningful percentage of the vote in that state before dropping out and endorsing an eventual winner.
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10 February 2025 | 4 replies
More than anything I would like to see some form of upside so I don't particularly have to underwrite for appreciation, it's almost a bonus.
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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17 February 2025 | 15 replies
Hey Marc - Offering free Netflix can be a nice bonus for guests and make your property more appealing, especially for longer stays.
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10 February 2025 | 3 replies
If you live there 2 years or more before selling you will be exempt from tax on the 1st $250k in profit which is a nice bonus.
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7 February 2025 | 2 replies
If it earns interest that’s a bonus.
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9 February 2025 | 3 replies
Bonus: most managers are licensed and can buy/sell on the side to increase income.
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31 January 2025 | 10 replies
My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects.
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31 January 2025 | 0 replies
Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more.