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Results (10,000+)
Art Webb IRA to Roth IRA Conversion Strategy - Is this a sound strategy ?
11 October 2024 | 2 replies
Hello,  I ran across a conversion strategy where an annuity company would add a significant cash bonus to my IRA conversion account to cover the conversion taxes so my conversion is tax free to me (well some what).  
William C. Cost seg study, but also had major repairs. Best way to handle for taxes?
10 October 2024 | 9 replies
We have run a cost seg study on the property and qualify for 80% bonus depreciation.
Account Closed 10 Best Net Worth Trackers
12 October 2024 | 2 replies
They may require you to manually enter your financial data and calculate your net worth.Customization: If your finances are complex, you may need an app that allows you to customize your asset and liability categories and other information to help you keep up with everything.Security: The net worth tracker you select must ensure your financial data is secure.
Tyler Lingle Did you use a lawyer to set up your LLC?
12 October 2024 | 12 replies
Two of them are city/county attorneys at that, including one from each category just described.So, yes you should probably have a lawyer whenever you have a partnership LLC (and probably with RE) but good luck finding one that's worth a damn.So I just do mine myself, having learned a few things about OEs over the decades, but I am not in RE and I am always a sole proprietor.Also, this lawyer should (in my opinion) by your lawyer, not the LLC lawyer, because you want your interests protected in the partnership.
Grayson Grzybowski A better understanding for using Hard and Private lenders
11 October 2024 | 11 replies
Obtained a bonus to switch employers8.
Scott Glozzy Listing my STR in the offseason as a Mid-Term rental
11 October 2024 | 11 replies
Bonus: I know MTR operators in your market I can connect you to as well.
Edward Heavrin Paying off a rental aggressively. Pros & Cons?
20 October 2024 | 84 replies
I am firmly in the paid off category less work myself..
Nicholas Fogal Sell or Rent
10 October 2024 | 2 replies
I hope this is the right category for this post.  
Melanie Baldridge If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.
Kristi Miller Has anyone started a STR cleaning company (or PM company)?
8 October 2024 | 14 replies
I have also experienced owners give cleaners a bonus for every certain amount of 5 stars they get in the cleaning category!