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Results (10,000+)
Melanie Baldridge It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
Jacob Campbell 1031 only option?
4 November 2024 | 4 replies
You can 1031 exchange a portion that makes sense for you (office right now is market specific and an opportunity if you know what you're doing), and take the other portion as "BOOT" and pay taxes on that portion
Loren Cota Wholesaler on Big Island
5 November 2024 | 15 replies
Pretty much whatever makes sense.My plan is for it to be a midterm rental most the year and then be there for a portion of summer to be close to my daughter.  
Joe Kvidera DSCR that allows seller carry for partial down payment?
6 November 2024 | 12 replies
You can try MyInvestorLoan.com, they usually don’t care if a property has a seller carry portion of financing in 2nd position. 
Constantinos Zavos Off Market Deals - What is the best way to find / approach them?
6 November 2024 | 8 replies
Spend LOTS of MONEY on mass marketingThe "rate locked affect" is limiting a large portion of the market and stopping transactions from happening.
Jeff Shelton Buying in Chandler AZ
3 November 2024 | 3 replies
The housing explosion of the late 90s/early 2000s saw expansion to the outer portions of the city and 4-plexes were not a part of that expansion.
Lior Golan Advice for a foreign national flipper who wants to start in new construction
4 November 2024 | 1 reply
But even if buying it cash and then financing it, lenders won't finance the dwelling portion... which means more money.Now, I am trying to pivot and thinking of the next good option.
Kerry Nelson New to investing
4 November 2024 | 9 replies
@kerry nelson @Kim ScheidI have only stuck to the eastern portion when analyzing deals (FOCO/Denver/Cosprings/ Pueblo)Curious if you all are finding good stuff out in Grand Junction?
Connor Thomas What to do with this property
5 November 2024 | 4 replies
Or if there are portions of the scope thats not necessary per say?
Mike Harvey Starting with section 8
2 November 2024 | 8 replies
Landlord’s only option to collect funds for damages is to take tenants to court.More and more tenants are only having a portion of their rent covered by S8, so landlords need to still screen S8 applicants for portion they must pay.Landlord cannot charge S8 tenants a portion of shared utilities – which can lead to the infamous tales of tenant retaliation against landlord by blasting heat on high with open windows during winter.S8 caseworker response times can be very slow, as they are usually overworked & underpaid.Again, overall it’s a pretty good deal for a landlord that does some decent screening.Exposing Section 8 Housing | Tenants From hell 243 - YouTubeLiberals Blame this Eviction on Landlord Despite the Before & After Footage | Tenants From Hell 241 - YouTubeMy first Baltimore buy & hold investment - SOLD (Lessons learned) (biggerpockets.com)Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?