Scott Trench
2025-2026 Might Be One of the Best Stretches to Purchase Multifamily Since 2010-2011
3 January 2025 | 8 replies
the key will be breaking the Broker code its one thing for Brian to get a look at good deals its another for the average investors
Josh Herman
Hey BP -- Nationwide wholesaler (sourcing properties) with a few years experience.
16 December 2024 | 1 reply
I was determined and wanted something that I could sustain for the long term for my family's livelihood and control the effort I put in and the results I got from that effort.I specialize in sourcing properties for fix and flip investors nationwide (wholesaling, but with real-world experience and closed profitable deals for myself and my investor partners) with a roadmap to acquire rental properties as finances permit.A lot of our deals are currently coming through organic search as I have a background in substantial traffic generation through search engine optimization and organic means.
Melanie Baldridge
Bonus depreciation ?
16 December 2024 | 0 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
Sergio P Ramos
New development pitch.
12 January 2025 | 20 replies
you need to own the land or have more experience. make 100 calls to land developers nationally. use linkedin and get some experience for a month. this is a self taught business. very specialized.
Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.If you want to close in the name of a LLC/ LLC taxed as an S Corp, or an S Corp, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).
Chandra Faulk
How long does it take to find a qualified tenant?
27 December 2024 | 19 replies
It may be time to refresh the photos in your advertisement and offer a move in special with a reduced first month rent.
Sathya Priya Sampathkumar
Middlesex County Massachusetts
16 December 2024 | 5 replies
Then compare that to median sales prices in a given zip code.
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
I don't see how they relate to wanting to educate myself or asking for reading recommendations. .I was responding to your comment: "if I get involved in any sub to deals"Education is always great, and subject to is legal as long as it's done legally.Here is how it is set up if you do it wronglySince law is is difficult for some people, let me be more clearThere are various codes that can be violated when buying properties (the definitions are easy to find with a quick search)Equity skimmingEquity strippingForeclosure RescueMortgage FraudShort SellingFalse StatementsWire FraudBank Fraud and so onhere's a sample12 U.S.
Akil Mitchell
Buying property with occupied illegal unit
12 December 2024 | 5 replies
@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.
Jack Gardner
2 Bedroom / 1 Bath Rent Prices in Northeast Minneapolis
15 December 2024 | 5 replies
For example, instead of an initial 6-month lease at $1,200/month, and then re-renting it in the summer with a higher rental rate, you could market it as a 16-18 month lease term (again, great suggestion by Tim) at $1,600/month with a "1 Month of Free Rent" special which you could either divide evenly across just the first 4-6 months of the lease, or prorate over the entirety of their lease term.