Glen Fernandes
Thermostate to lock temperature ranges
1 November 2024 | 3 replies
Any programmable thermostat that has the ability to lock the screen with a pass code should work.
Vijaya Gowrisankar
BRRR Strategy in Philadelphia
30 October 2024 | 5 replies
After doing some initial research, I decided to check out some zip codes in Philly as that's an hour's drive from where I live - 19132, 19133, 19134.
Trent Paulk
Please suggest a PM for the 44111 zip code
24 October 2024 | 13 replies
My property is in the 44111 zip code.
Michael Rost
Jackson, MS long-term buy and hold
31 October 2024 | 25 replies
My properties have usually been in the 39206 and 39212 zip codes which are a mixed bag.
Derek Bell
Expanding PEMB for increased NOI
1 November 2024 | 3 replies
I guess about the only thing that would worry me the most would be that if you add to the existing building, and if the city code has changed since after the initial build, then they are gonna want you to make all the necessary changes to the existing portion of the pemb.
Adriana Siu
Should I sell my single family home in Austin?
1 November 2024 | 6 replies
Hi Adriana, I did a quick search on that zip code and trend data is showing it's a Sellers almost balanced market.
Melanie Baldridge
Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."
Tom Dean
Suggestions for STR location between $250k - $325k?, southeastern quadrant of US
8 November 2024 | 38 replies
I don't think they differentiate the rental type for the writeoffs.I've researched this a fair amount, from what I understand there's an exception section 469 of the tax code that says if you actively manage the str and have an average stay length of 7 days or less then it's treated as an active business and the income is therefore not passive and expenses are able to be written off against W2 income.
Grayson Grzybowski
Mail listings for finding deals
29 October 2024 | 5 replies
Quote from @Kerry Noble Jr: Preforeclosures are best called or door knocked.Tax delinquent or code voiolationsPreforeclosures, Tax delinquent, code voiolations, probates/inheretence, quit claim deeds, water shut off are the best lists.Understand it is a volume game. sending out 500 mailers probably won't yield any results.
Julio Gonzalez
The Short- Term Rental Loophole Explained
31 October 2024 | 11 replies
This refers to IRS Code Section 280A which allows up to 14 days of rental income without paying at taxes.