
28 November 2024 | 4 replies
Hey @Isadore Nelson - I'd bet my life savings on the fact that there's multiple reasons why other investors haven't scooped this up yet.

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.

5 December 2024 | 4 replies
Hello @Matthew Hull,Scripts can be helpful, but we sound like robots if we rely on them too much.

7 December 2024 | 13 replies
I used tools like BiggerPockets to analyze deals weekly, and building a reliable team and networking with experienced investors helped me gain confidence.

5 December 2024 | 6 replies
Hi Myriam,Welcome to the BP forum and starting can be a little confusing but that is why we are here to help.

6 December 2024 | 2 replies
Keep in mind, though, that this approach comes with higher down payment requirements and interest rates, which may not be as favorable

7 December 2024 | 33 replies
I'm taking a look at this now.

5 December 2024 | 6 replies
I would just want to be sure I can get that 150k back to pay off my heloc..is this possible?

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.

5 December 2024 | 34 replies
If this is the one that has banned you, tell me and I'll try to help.