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Results (10,000+)
Melanie Baldridge “How much will I save in taxes this year if I buy real estate?”
17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
Nate Shields 55-Unit Value Add Success
15 October 2024 | 3 replies
The biggest opportunity we saw with this property was operational and management efficiencies.
Julie Muse Old Hickory Blvd Flip: Smart Renovations Yield Big Returns in Nashville!
15 October 2024 | 0 replies
Using a combination of capital from both Partner Driven and our trusted partner, Seth Choate, we funded the purchase and renovation efficiently.
Audrey Sommer Would Love Some Advice for Starting Out
19 October 2024 | 11 replies
Easier management--you know the property much better and can take care of issues quickly and efficiently.
David Fitch Software for Managing a Portfolio
15 October 2024 | 4 replies
It's a manual process but allows us to view all business-related financials in 1 place.We've also found QBO has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.
Noam Koren Identifying the KC neighborhoods to invest in
15 October 2024 | 5 replies
With low inventory, this is a more efficient approach than targeting specific areas, IMHO! 
Ben Oestrike Off Market Deals Marketing
15 October 2024 | 10 replies
I just want to know the most efficient way to reach these owners.
Devin James Why We Build 1 Floorplan Over and Over Again
15 October 2024 | 8 replies
Why we build the same floorplan over and over again:1) Easier for Trades and Faster Build Times: Our trades have been working on the same layouts repeatedly, so they have become more efficient.2) Less Mental Space for Decisions: We don’t spend too much time deciding on which floorplan to build, we focus our time on growing the business and serving our customers.3) Best ROI based on Square Footage: The floorplan we build gives us the best return on investment.
Alan Asriants Is this an end to Wholesaling?
30 October 2024 | 236 replies
If your hvac contractor tries to sell you a new furnace by telling you it’s more efficient and over one you may save money via energy savings, less repairs, etc that’s fair.
Brandon Clark In Escrow on first deal... best practices for what's next?
15 October 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.