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29 January 2025 | 3 replies
Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.
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27 January 2025 | 21 replies
What you can learn from this and show them can set them up for life.
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7 February 2025 | 0 replies
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.
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29 January 2025 | 7 replies
So I wonder if I can sell my home in Idaho, purchase the new one under my personal name, then how many months or years must pass before I can setup an LLC as the owner of my primary residence, or if you think that will be a good idea?
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31 January 2025 | 121 replies
It should be from someone who uses that person.
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4 February 2025 | 7 replies
While an LLC can offer liability protection and tax benefits, it’s not essential for a single property—personal liability insurance and an umbrella policy may suffice for now.
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9 February 2025 | 4 replies
Work at establishing in-person relationships that will serve you well over time, not just one-and-done.
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8 February 2025 | 1 reply
I make it a personal goal to never turn down help.
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31 January 2025 | 3 replies
Are you looking to just put the money to work or looking to be personally involved in getting, rehabbing, and dispo of deals?
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29 January 2025 | 3 replies
Was that person me or another person as that sounds like something I have been telling people?