Donald Aleshire
Owner occupied refinances - Retired / No W2 income
1 November 2024 | 13 replies
Hello all, not sure if this the right location to pose this question, please let me know if there is a better category or location to post in.
Julio Gonzalez
Cost Segregation Study on Small Residential Condo
29 October 2024 | 0 replies
Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis 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.
Carolyn McBride
STR Tax Loophole/Strategy So Close to the End of the Year?
29 October 2024 | 9 replies
Will they lose their ability to deduct bonus depreciation against their regular 9-5 income for all future years?
Matthew Kelly
Hello BiggerPockets! New PRO here
30 October 2024 | 6 replies
There are a lot of great resources on BiggerPockets, whether you are just getting started or have 30 rentals under your belt.If you have specific interests or questions, find the appropriate forum category to read what others are saying or ask questions.
Mike Lawrence
Multifamily Coaching Programs - Are they worth the investment?
4 November 2024 | 26 replies
A syndication will only pay out quarterly and the bonus is towards the end when then sell/re-refi etc.
Becca F.
Do PALs from RE offset capital gains from stock dividends and another question
29 October 2024 | 12 replies
#2) Why is everyone I know buying STRs and doing accelerated and bonus depreciation?
Jace Perry
Searching for 80% to 85% DCSR Lenders
1 November 2024 | 10 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.
Mark Esperti
Buying a 3 Family with a non-permitted 4th Unit - Central Massachusetts
30 October 2024 | 2 replies
Lastly as an illegal unit it is huge liability if there was a trip and fall claim, fire etc your insurance may not cover.I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. last option not considered is you living in the bonus unit to have a free place to live with minimal risk
Janet Behm
Daily Fines of $500 for Failure to File by Year-End
30 October 2024 | 2 replies
Nathan,Thanks for the response and support.Of all the categories of businesses, REIs with due diligence and real estate agents with ethics classes are the least likely to pull this stuff.My nephew in 19-County says, "Hay" I mean "Hey"We publish a weekly blog on the company BP site, Utah Real Estate Accountants.Janet
Martha Ann Cicorelli
Help filing with the Department of Georgia
29 October 2024 | 3 replies
Just be mindful that georgia does not recognize bonus depreciation.