Melissa Allen
Tricky question about HELOCS and retirement account loans
12 July 2024 | 8 replies
Because of material participation (I self-manage)/bonus depreciation/cost seg, we’ve been able to get all of our taxes back both years so far.We cannot keep going the way we have for two years, so that’s not an option.
Paige Seeley
First rental property guidance!
13 July 2024 | 9 replies
If you decide to do this, make it a one-off or no more than a few months like a bonus incentive to sign but it doesn't last the length of the lease.Best of luck to you, Paige!
Tori Trent
What are house hacking strategies that others overlook in an expensive area?
14 July 2024 | 27 replies
The downstairs has 2 bed, 1 bath, and a bonus room.
Tyler Eastridge
Bonus room Ideas
7 July 2024 | 13 replies
It is a 3/2 with a converted one car garage that is a bonus room.
Nicholas Halterman
Is it worth putting money down on a VA home loan?
11 July 2024 | 10 replies
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.
Christina B.
Guest Rating Question
10 July 2024 | 11 replies
As I can't quite tell if the cleaner did not fully restock (I ask the cleaners to be generous with the restock), I'm leaning toward covering all the extra charges ($300 worth if I include the extra time our hot tub maintenance person had to put in to restore the tub/water) but leaving them a 3-star review, knowing they may push back in their comments.
Julio Gonzalez
Cost Segregation Study on Multifamily Property
8 July 2024 | 0 replies
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.
Bob Yon
Can you sub-to a VA loan?
8 July 2024 | 15 replies
However, there are some restrictions that apply, you'll want to look for details on "bonus entitlement."
Zachary Harr
Access to coaching?
10 July 2024 | 12 replies
In addition, make sure the Realtor is full time, and has experience with Investors, and a bonus if they have investment properties themselves.
Colby Wartman
Cost Segregation Study Experience
8 July 2024 | 6 replies
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