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12 February 2025 | 27 replies
I"m finally done buddy.
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10 February 2025 | 1 reply
Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit
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25 February 2025 | 1 reply
.), cleaning, utilities, yard and exterior, final walk through prep, and documentation.
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12 February 2025 | 14 replies
Quote from @TJ Dittmar: Finally taking the steps to get started real estate investing.
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18 February 2025 | 0 replies
This hidden cost significantly increased my loan’s overall expense, and I only realized it after reviewing the final terms.
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25 February 2025 | 4 replies
I currently have 3 properties under an LLC and I'm in the process of finalizing a mid term rental but it will not be under the LLC(separate bank account).
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25 February 2025 | 0 replies
Ultimately, the assigned appraiser was known for being extremely conservative, and the final valuation came in at $285,000, requiring an extra $10,000 out of pocket to close.After closing, I raised one tenant’s rent from $750 to $1,180, and they chose to stay.
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23 February 2025 | 4 replies
Ok, as a real estate agent and a potential investor, I've heard many great things about this platform, so I decided to finally give it a try.
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10 February 2025 | 10 replies
Currently we are finalizing paperwork and figuring out what insurance we need and just trying to figure everything out all at once.
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24 February 2025 | 49 replies
I flew in town, ended up setting it up - they finally hired a task rabbit person, as their team would just deliver a box and leave.