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28 November 2024 | 23 replies
Don't forget the people on the demonstration are just sales people.
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3 December 2024 | 5 replies
I need help in building my team as well.
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4 December 2024 | 17 replies
As JCC said, that does not mean it should be bought, as it might actually be that better numbers could be found in that market.
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3 December 2024 | 5 replies
I would be happy to run some properties for you through AirDNA if you have a few in mind that you are vetting?
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16 December 2024 | 1 reply
The most common options used by investors seem to be an LLC or Umbrella Insurance.
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27 November 2024 | 10 replies
People want and use them and if you don't have them, some folks will pass on booking.
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29 November 2024 | 10 replies
Awesome, STR investing works well here provided that you have a great location and take great care of your property.
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2 December 2024 | 4 replies
Great book as well especially for getting everyone focused towards a common goal.
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30 November 2024 | 5 replies
I'm now figuring out how to gather 15 people on a Thursday morning.
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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.