It is a 3/2 with a converted one car garage that is a bonus room. 

The right loan officer can calculate all of this for you and set you up for success not only now but for future properties too.And as I mentioned, you can not only use your VA benefit for 1 property, if your purchase price is low enough, you will have secondary/bonus entitlement to buy a second property with a VA loan.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

However, there are some restrictions that apply, you'll want to look for details on "bonus entitlement."

The full agenda is available within the registration platform, but you can find the agenda at a glance here: https://biggerpockets.getregistered.net/conference-2024/agen...We are also adding a cornhole and beach volleyball tournaments on Sunday starting at 2 PM to provide additional activities for fun and networking for attendees! 

In addition, make sure the Realtor is full time, and has experience with Investors, and a bonus if they have investment properties themselves.  

What a cost segregation study does is it analyzes a property and breaks out the depreciable basis of the property to more than just building and land.It will try to identify assets that are eligible for 5, 7 or 15 year asset lifes which would be eligible for bonus depreciation.Whether a cost segregation study will help you depends on your tax situation.High level, it will help you in two situations1) Your rental property is active and you can offset the losses against other forms of income.2) You have a lot of passive income and you want to increase your passive losses to offset your passive income.Best of luck

These GenZ are going to destroy/modify everything.Our asset as baby boomers (or a gen after that) is mostly single family, while these-kid value proposition is offering crypto which is intrinsically meaningless but started to get accepted in mainstream way of doing business ,*and* since they don't have anything tangible to sell (they could only sell real estate in metaverse)...i would expect they would replace these model as well.i kind of agree this very important topic is mostly relevant to generation.while every top realtor here in BP would reject changes, these kids are going to change everything that we know, it's for bad or worse i dont know lol

Another bonus - the lease payments they'd receive prior are taxed at a lower rate than interest. 

A property I am putting an offer on tomorrow has an upstairs section I conservatively think I can get $1500 for (master bedroom + small bedroom OR bonus room for office), then two bedrooms downstairs for $1,000 each.