James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
There is nothing that trumps the return on why it has so many investor owned homes.
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.
Stuart Bartle
Ready to invest in first property rental
18 December 2024 | 24 replies
I’m just starting out in real estate and ready to buy my first property to rent out,I’m in Los Angeles and was first thinking about Airbnb condo at the Palms place, Trump or even a sfh to rent long term.I don’t see too many investors bringing up Vegas.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
The Kushner's do it this way, as well as President Trump.
Glenn McCrorey
I quit my job today
29 December 2024 | 253 replies
It takes away your trump card... who wants to evict a sibling?
Ron Brady
PE Trump planning to privatize Fannie and Freddie?
12 December 2024 | 1 reply
Is the President-elect planning to privatize Fannie and Freddie? If so, why? I didn't realize that there is a problem that merits fixing? What am I missing? Is this a give-away?
Virginia VanOeveren
As a PML, you should....
19 December 2024 | 9 replies
They have a formula that works and provides them the rate of return that makes it worth it so, don't feel like you'll just negotiate them out of their shoes like you're Trump.
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
Especially since $120 now is fairly certain, while $240 a year from now is merely an expectation (read: guess) as of today.Yeah, this was super clear and helpful, I know.Preparing for Trump 2.0I wrote a separate post about it.
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
Curious if we have to officially wait till trump is president or if some banks have already started the process.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
Conviction and discipline trumps all.