Julio Gonzalez
Alternatives to Cost Segregation
16 August 2024 | 2 replies
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.
Renee Williams
Pace Morby’s Gator Lending - yay or nay?
19 August 2024 | 42 replies
I made the mistake of buying his book with "12 hours of bonus video content" that is basically Pace talking about each chapter of his book as he drives around to some of his properties.
Ron Brady
Replaced sewer line and financing payment - what is the correct approach for taxes?
15 August 2024 | 6 replies
Can we use 60% bonus depreciation on this or no?
Luis Herna
Can some one tell me what things can be done to overcome Due On Sale Clause?
20 August 2024 | 45 replies
Jurisdiction's approach to property title records, generally fall into three categories: Race, Notice, and Race-Notice.Race Jurisdiction: In these jurisdictions, the first party to record the deed has the superior claim to the property, regardless of any prior unrecorded claims.
Tucker Cummings
REI Reply - Too Good To Be True?
23 August 2024 | 181 replies
However, it is not too user friendly, there is a learning curve that will take time becoming fluent in the workflow (hence the 127 training categories).
Elda Asheley
What is the best way to invest in 2024 for a newbie?
17 August 2024 | 10 replies
The loans on a house hack are going to be some of the most favorable ones you can get since it is considered an owner occupied plus you should be able to get a first time buyer bonus of some sort.
Alfredo Cardenas
Total Rental Properties Losses to offset capital gain of 2 rental homes being sold
16 August 2024 | 19 replies
My CPA got upset when I told him that he was wrong.Also, lets say that John does a Cost Seg (bonus depreciation) on all homes in 2023 to increase the loss on all properties combined from $300K to $600K(for example).
Mauricio Duarte
QuickBooks for Flippers - Inventory vs COGS
15 August 2024 | 29 replies
I create granular cogs categories and record work-in-progress as Cogs.
Michael Csrnko
Newbie STR operator in the Denver area
15 August 2024 | 7 replies
Finally, consult with a CPA and have them review your situation, plus ask for a recommendation on whether to do a cost seg and which cost seg company they recommend.For a property placed in service in 2024, 60% of the value of personal property and land improvements identified in the cost seg will be bonus depreciated in the first year.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
However, in the big picture, the demographics of our society are always in flux and I suspect that overbuilding in certain categories is underway now and that will be evident next year.