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11 October 2024 | 3 replies
I just attended the Bigger Pockets Conference and I discovered there were many books you can obtain through the Bigger Pockets website that might help you in your journey.
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13 October 2024 | 11 replies
The final 1031x regulations clarify that nearly all building components identified as five and seven-year property through a cost segregation study are, in fact, real property under Sec. 1031.
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10 October 2024 | 4 replies
So far I've discovered that we will need to acquire multiple permits and an STR license in order to legally list our property as an STR in the Baraboo, WI area.
10 October 2024 | 0 replies
While discovering these deals may be tricky, you may stumble upon a great and lucrative real estate investment if you know how to find off-market properties.What Are Off-Market Properties?
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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11 October 2024 | 13 replies
My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!
10 October 2024 | 0 replies
You won’t be surprised that many states consider that pretty penny a critical component when calculating these payments.As with any financial analysis, it’s essential to understand how to break down the numbers, especially regarding child support.
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10 October 2024 | 5 replies
He was born in kidney failure and later we discovered he has liver cancer.
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10 October 2024 | 2 replies
After finally getting access (after closing), I discovered floor damage that should have been identified.
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11 October 2024 | 17 replies
Usually, after the first deal, the trust is built and we just ensure we keep building on that trust.If lenders do any other investigation on their end, they are welcome to, but I've not had anyone share anything that they've discovered that was of a concern.