25 July 2024 | 10 replies
Many states have a limitation on 179 that is different from the Feds.Some have really painful rules on dealing with that bonus depreciation addbacks.You still benefit from the cost segregation study without the bonus depreciation - say your cost segregation study broke out $100k of 5 year property - now instead of spreading that out over 27.5 / 39 years, you get to take it over 5 years for your local state.You still get the bonus depreciation amount on your Federal return, regardless of what the state does.
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27 July 2024 | 15 replies
Note even without any contingencies you have a little room for negotiation as you can walk and lose ED but it is a pain for the seller.
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28 July 2024 | 27 replies
Hi,I feel your pain about this.
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26 July 2024 | 23 replies
It can be a pain and more costly in terms of accounting, but if you can't incur the additional cost, you should not be putting yourself at risk.Gino
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25 July 2024 | 62 replies
in 10-15 years you could have 2-4 properties >$1M just by using your own monthly housing payment to fund it.moving is painful, living with others is painful, high rates are painful.
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25 July 2024 | 22 replies
Just think of all the grief, anxiety and pain they have put you through with this whole situation.
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27 July 2024 | 108 replies
then start selling the ones that have upcoming major repairs in the next 5-10 years or the ones that are a biggest pain to deal with/make the least amount of money from rent.
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22 July 2024 | 9 replies
I would say it depends on if the property is a pain and what your long term goals are.
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24 July 2024 | 26 replies
And that is VERY painful for me to say because I LOVE HD, and go there for almost all of our rehab projects.However, if you are leaning toward the White cabinets, I would suggest that you compare to Lowes.
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22 July 2024 | 8 replies
The biggest pain points like others mentioned is the Pre-Payment Penalty, Lender protections, and undisclosed fees.