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26 November 2024 | 3 replies
Check with your CPA if you instantly owe the depreciation recapture if you gift it to your son.
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25 November 2024 | 6 replies
.$59.95 Instant Vortex Plus 4qt Air Fryer - https://www.amazon.com/dp/B08R6KMBQT?
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1 December 2024 | 377 replies
Unless you somehow manage to increase the ARV of the properties by like 50% each, within a month of purchase or something, and then instantly refinance and move on to the next one, which also appraises 50% higher than purchase almost instantaneously, allowing you to keep the refinance-out train chugging along, I just don't see how this pencils out.Can someone who has a better eye for these things spell this out for me?
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30 November 2024 | 19 replies
You've got a 48% chance of winning that way.
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27 November 2024 | 2 replies
Our ability to act quickly and decisively ensured we could close the deal efficiently, making it a win for both the seller and our team.
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26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
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26 November 2024 | 25 replies
The chances of these wholesalers successfully concluding a transaction are about the same as winning the lottery. 5.
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1 December 2024 | 31 replies
You won’t be able to unlock instant equity or recycle your capital into new deals, but your high W-2 income (and side income!)