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12 July 2024 | 12 replies
Do everything you can to pay down the debt, and work on side hustles that actually produce income to help accelerate the process.
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11 July 2024 | 17 replies
If you are looking for someone to teach you syndication, a common thread is to start a thought leadership platform: podcast, post on LinkedIn, post on BP, create YouTube content.I would say, if you have almost no understanding of what Cap rates are, the basics of underwriting and excel modeling, how to find brokers, etc a mentor can help accelerate your learning.
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8 July 2024 | 0 replies
Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into the following categories to accelerate the depreciation resulting in first year depreciation of $26,167,989.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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9 July 2024 | 20 replies
More importantly, your taxes would go down because you have 2x the depreciation (even more if using accelerated depreciation).
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8 July 2024 | 7 replies
And yes, many times, doing a cashout refi, even if rates are higher, will accelerate your scaling faster.
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4 July 2024 | 2 replies
Best way to get started IMO is to join a team, that accelerates your learning curve.
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4 July 2024 | 5 replies
This strategic use of financing can accelerate your path to financial independence and wealth building in the real estate sector.
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5 July 2024 | 8 replies
You contract with the seller should spell out exactly what the risk are for him; further, you should not do this deal unless (1) the seller utilizes the services of an attorney to advise him (2) you have the cash or credit capacity to payoff or refinance the loan if it is accelerated due to the due on sale clause and (3) proper safeguards by way of third party servicer, escrow, legal documentation, are adhered to.It seems you may have a big winner; however, it’s just these that lead to lawsuits if not handled properly.
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4 July 2024 | 8 replies
American, Canadians and other investors have invested billions of dollars that way for decades and it's only be accelerating over recent years.3.
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3 July 2024 | 6 replies
Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.