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18 December 2024 | 5 replies
E government won’t use its ne found power to invalidate contracts to reward a bigger group of voters at the expense of a smaller group?
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17 December 2024 | 2 replies
Mainstream homeowner policies won't cover sober living because they don't account for the risk of multiple people recovering in the same home
20 December 2024 | 4 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
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24 December 2024 | 6 replies
Unless you believe that our government should and will provide free education for all.Give to charities.
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17 December 2024 | 9 replies
This maximum rate is determined by adding 2.50 percentage points to the yield rate on long-term government bonds as published by the Federal Reserve Board or the United States Treasury, or both.
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19 December 2024 | 8 replies
A 12-month policy was only ~$900
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20 December 2024 | 10 replies
Do the Airbnb discounting, price a little under market, make sure your cleaning fees are at or below average, looser cancellation policies will all help.
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16 December 2024 | 0 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
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19 December 2024 | 5 replies
Good insurance, particularly with an umbrella liability policy provides very adequate protection on smaller assets.
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17 December 2024 | 8 replies
There are section 8 opportunities if you are interested in part of the rent being guaranteed by the government.