Will Almand
Cost Segregation Questions
20 January 2025 | 11 replies
If you are passive in those rentals (not real estate professional for tax purposes which requires 750 hours of real estate), and your Modified Adjusted gross income is over $150,000, then the cost seg is not actually going to save you any taxes.
Heidi Kenefick
Organaizing finances- baselane vs Rentastic vs avail vs rentredi?
21 January 2025 | 40 replies
Let me just lead with EXCELLENT customer service.
Melanie Baldridge
Did you know this about Gas Stations?
14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
Justin Brin
Where is everyone moving to?
29 January 2025 | 10 replies
In the Southeast, Coolidge and Florence, where the path to progress is leading from San Tan Valley, and even way out West in the Buckeye and Goodyear areas are opportunities for growth.
Kyle Kulhanek
Retitling a property to an LLC - Chicago
23 January 2025 | 7 replies
Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
They can rent the property they purchase to you (or anyone).The property must be held for investment purposes for at least 24 months immediately following the exchange.
Melissa Sejour
How do you research the best areas to invest in?
6 February 2025 | 12 replies
Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.
Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.
Jesus Nieto
Need help with SubTo Deal
28 January 2025 | 12 replies
Group training sessions do not deal with specifics that lead to lawsuits.
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.