Melanie Baldridge
Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Examples of qualified improvement property include improvements made to the interior of nonresidential real property, such as HVAC systems or alarm and security systems.We refrain from making direct recommendations on Section 179 because we believe this decision is best made by the CPA, who completely understands the client’s overall tax situation.The decision to elect Section 179 is deeply tied to broader tax implications, including other deductions, income limitations, and future business planning.Your CPA has a holistic view of your finances and can help you make the right choice.TLDR:* Section 179 is a powerful tool for business owners and real estate investors, allowing immediate expensing of qualifying assets in the year they are placed in service.* Annual limits apply to how much can be expensed, with the 2024 cap set at $1,220,000, and investment limits that start to phase out when more than $3,050,000 of property is placed in service.* Not all property qualifies for Section 179.
Zachary Engen
Micromanaging my STR property manager
6 November 2024 | 18 replies
The CEO doesnt get mired in the details and work the front line, they set strategy and get updates to ensure the company works along that strategy.I also disagree with your view on property managers.
Isaac S.
Delaware Statutory Trust DST 1031 Difficulty Giving up control
12 November 2024 | 171 replies
We view these value-add class B properties as good diversification from the class A BR properties, and all 3 are in solid metro areas.
Clay Hall
HELOC needs Quit Claim Deed??
2 November 2024 | 8 replies
somehow HELOCs are viewed as magic.
Matthew Schulz
New Member looking for insight on Rockford IL, maybe section 8?
31 October 2024 | 1 reply
I did go on the website and none of the HUD inspection or landlord documents were even able to be downloaded and viewed.
Matthew Lamoreaux
Why Invest in Orlando
31 October 2024 | 2 replies
@Matthew Lamoreaux I think if you can find a rental, long-term or short-term, that cash flows well in today's market then this should be a factor that should be viewed as icing on the cake and should be used as a potential solidifier of a deal.
Thomas Fredella
I would think about Partner Driven very carefully b4 jumping in
7 November 2024 | 18 replies
I’m sorry to hear that you view our company negatively and I’d like to address some of your points.Addressing ConcernsTransparency and Support: At Partner Driven, we aim to provide clear and ongoing support to all our partners.
Jin Zhang
Anyone has experience with a company called find dream rental?
2 November 2024 | 10 replies
This diversity within their team can be viewed as an advantage, as it may provide them with a more global perspective and a better understanding of international clients.I also noticed that they use Zelle under their accounts manager's name, which could indicate a legitimate arrangement for handling transactions.
George Brown
STR Dominican Republic
3 November 2024 | 17 replies
We bought land with an ocean view, built and furnished for a total investment of about US$300,000.
Alyssa Lake
What kind of terms would you expect for this kind of deal?
1 November 2024 | 7 replies
When cap rates were 6-7% and rates were 4% most deals were 75-80% LTV and you might exceed the 1.25x DSCR requirement but a bank wasn't going to go above 80% LTV.Today rates are 6-8% and cap rates are 5-7%, so your lender is probably going right up to their DSCR level, which is probably around 1.25x DSCR, and because your occupancy is lower, you're going in cap rate is not great, and because occupancy is lower it's probably viewed riskier so your rate might be higher.