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13 March 2024 | 7 replies
It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?
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12 March 2024 | 0 replies
A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
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12 March 2024 | 7 replies
It should likely be capitalized and bonus depreciation can apply (special depreciation) which accelerates the rate at which you can write off the asset.
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12 March 2024 | 4 replies
Put in headphones when you are cooking breakfast and listen at double speed, and it is a great way to learn at an accelerated rate.
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12 March 2024 | 36 replies
However, there are other strategies you can consider to optimize your tax situation:Maximize Deductions: Ensure you're fully utilizing all deductible expenses related to your rentals, such as maintenance, repairs, property management fees, and travel expenses to the properties.Depreciation: Make sure you're taking full advantage of depreciation on the properties, which can significantly reduce taxable income.Cost Segregation Study: For larger properties, a cost segregation study can accelerate depreciation on certain parts of the property, offering more upfront tax savings.1031 Exchange: If you're considering selling any properties, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another rental property.Energy-Efficient Improvements: Tax credits may be available for making energy-efficient improvements to your properties.Rod
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12 March 2024 | 11 replies
A mentor can accelerate your growth, no matter what level you're currently at.
13 March 2024 | 70 replies
As a violation it provides the mortgagee with the OPTION of accelerating the note - with all the proper notices and procedures for the state of property residence.
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12 March 2024 | 5 replies
A mentor can accelerate your growth, no matter what level you're currently at.
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10 March 2024 | 8 replies
How crazy is the idea of buying an SFH for STR with accelerated depreciation?
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8 March 2024 | 4 replies
What it says is that the mortgagee has the option of accelerating the note, within compliance of state real property laws, if property is transferred.