
6 December 2024 | 2 replies
Finding information this way is often faster when necessary information couldn't be obtained directly through the internet.That's the old fashion way of doing things before the internet.

27 November 2024 | 6 replies
My lease agreement informs them that I expect them to do this and I have instructions this, and they have asked me for these very instructions, which I have yet to create.

5 December 2024 | 5 replies
Happy to make intros at any of those I mentioned if it'll help.

4 December 2024 | 0 replies
One month prior to this, their water bill was abnormally high.

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.

26 November 2024 | 14 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.

4 December 2024 | 17 replies
Thank you so much Bryan, this info was very helpful.

30 November 2024 | 12 replies
As others pointed out, this may be a situation where you want to record the inspection to document her odd behavior in case you have to defend yourself in court.

5 December 2024 | 5 replies
You need to work with someone who can help you according to your specific circumstances and resources.

5 December 2024 | 24 replies
There are also people there pitching deals and everyone there is willing to help others.