
16 December 2024 | 5 replies
I think they used to be more helpful in the past and they made some changes and now they're not so valuable.I see weird and different values for my Airbnb stats depending on if I'm using my laptop or phone to view them.

29 November 2024 | 2 replies
Quote from @Allison Park: Software is a common question on BiggerPockets.

30 November 2024 | 3 replies
Some post here on the Bigger Pockets Marketplace.
2 December 2024 | 1 reply
You mentioned a career change, I think going into the trades like plumbing and electrical are great and you can make good money doing those, but I think you may be taking on too much by trying to do that right now.

16 December 2024 | 14 replies
I have it raised for $25 on 1/1.

16 December 2024 | 3 replies
I am joining to help/support others with their journey and also help me ACCELERATE my REI investing through peer support, coaching, and preferable has a model to follow based on one's goals.

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.

16 December 2024 | 4 replies
Call your company and ask for your cost basis (unless it is listed on a statement).

16 December 2024 | 8 replies
Why would you spend the money on an appraisal now?