Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
A tax account ensures nothing is accidentally spent elsewhere, and a marketing account makes sure lead generation is always prioritized.From a credit perspective, connecting credit cards to these accounts on autopay helps you manage spending responsibly while playing the credit game.
Melanie Baldridge
Power of Bonus Dep.
26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
Justin Woods
Cost Segregation - Bonus Depreciation on House Hack
26 November 2024 | 13 replies
. :) You can't utilize bonus depreciation on anything <50% business use.
Heather McNicol
BNB Investor Academy - Reviews?
31 December 2024 | 76 replies
You’ll learn way more hands on than spending money and another 6 months being led on by someone who is playing you.
Dan H.
Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
Bonus I found a co-host with a presence in the area that would co-host it for 15%.
Teekap Pate
Tenant applicant - Prior eviction, decent HH income
13 December 2024 | 7 replies
Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
I think the time of the year certainly plays a role.
Marc Shin
how long to complete the BRRRR process?
12 December 2024 | 6 replies
Market conditions also play a role, including the availability of contractors, appraisers, and lenders.
Sonia Vanegas
advice on landlord threating to void clause in lease and raising rent
16 December 2024 | 21 replies
If not, it's your word against his.Let's play this out.
Justin Wren
Renatus?
8 December 2024 | 21 replies
There is no limit, they do monthly/yearly bonuses and pretty much they make it able to make money to invest in real estate.