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9 April 2024 | 5 replies
I did bonus depreciation on both properties Will I need to worry about paying the taxes back if I 1031 into LTRs?
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11 April 2024 | 2 replies
I was able to get a good deal on the house I was interested in due to this fact but it’s a half done flip/reno so there’s a lot of work halfway started throughout the house. 2 areas in particular I’m unsure of what to do with is the walls and attic, any suggestions or ideas of how you would be finish would be greatly appreciated (adding links to specific products are a bonus lol)!
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11 April 2024 | 10 replies
The biggest advice to keep the contractor motivated is to give them a 10% bonus if they finish before schedule and deduct 5% if they run over finish date.
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10 April 2024 | 6 replies
You will (should) however experience appreciation that is better than most states, which is often overlooked by investors as bonus money.
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10 April 2024 | 2 replies
I was able to get a good deal on the house I was interested in due to this fact but it’s a half done flip/reno so there’s a lot of work halfway started throughout the house. 2 areas in particular I’m unsure of what to do with is the walls and attic, any suggestions or ideas of how you would be finish would be greatly appreciated (adding links to specific products are a bonus lol)!
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10 April 2024 | 4 replies
I'd estimate 12-15% of the sales price as you'll have to back out land value and then you'll get closer to 20% of actual home as a deduction (assuming 100% bonus depreciation which the jury is still out on that being extended. 2.
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8 April 2024 | 3 replies
As a option, instead of a commission structure, you can put them on a bonus plan and provide payouts based on a set of criteria.
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8 April 2024 | 9 replies
Making some money along the way is a bonus for him.
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7 April 2024 | 2 replies
I plan to do cost seg study and get bonus depreciation (and will actively participate as per IRS rules) but need to confirm if this would still work if buy STR under LLC and I can still be eligible for that STR loophole?
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7 April 2024 | 8 replies
Offer $50 or $75 for each showing, possibly with a bonus if you rent to the prospect.