Larry Nielsen
Section 8 or Traditional Rental?
25 September 2024 | 14 replies
If you invite the government into your business, you get the good and the bad.2) In my experience,(and I may get some hate mail for this) the average section 8 resident is harder on the property.
Giman Kim
Cash-out refi to buy a new home
24 September 2024 | 21 replies
Hi, As interest rate is dropping with impending federal reserve's announcement next week, I feel like this is a good time to tap into equity in my investment property in Cambridge, MA 02141 and maybe purchase another property with cash.
Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
25 September 2024 | 14 replies
-Alex@Alex Boulger while I've never done this personally (yet) I don't see anything that will disqualify you as long as you meet the 2 of 5 year criteria for Federal purposes.
Piper Watson
20k Inheritance - debt pay down or invest?
24 September 2024 | 6 replies
The most cost effective and safe investment you can make to cover your 50K debt and still use the same 20K capital to increase the value of your holdings is invest in short term fx government treasury swaps.
Kelly Flippin
Registered Nurse & ready to learn & begin my real estate journey for retirement
24 September 2024 | 11 replies
My friend suggested for me to try owner financing then to rent it out or turn it into government assistance housing.
Manny Vasquez
Are YOU on the fence about buying? Read this!
23 September 2024 | 0 replies
Now if we take into consideration the recent cut in the Federal Funds rate and rhetoric that there is a possibility of 2 more rate cuts before the end of the year, what are you waiting for to buy your next (or first) property???????
Maria Murphy
Buying NPLs - recos & resources?
23 September 2024 | 13 replies
Not sure if this is the case in all provinces because Catalunya, especially the Barcelona city government, is quite left and making it difficult for investors.
Christina B.
Service dog last minute disclosure
24 September 2024 | 15 replies
Your state may have laws that add to the federal FHA/ADA laws, as those laws are considered minimum standards. 3.
Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
But if you decided to do your own thing, then ask for help afterwords, they would refer you to an attorney that handles this type of problem in your area A lot of the government back loans such as FHA and VA is not available for title insurance if you buy them Sub2.
Melanie Baldridge
Bonus Depreciation one of the best parts of RE Tax Code
23 September 2024 | 6 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.