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25 September 2024 | 17 replies
If you dont have a back up plan before you start , you could find yourself in trouble
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24 September 2024 | 17 replies
For example, RentRedi gave us some trouble in refunding a tenant's security deposit and the customer service representatives also notified me that there is currently not a way to refund a tenant's security deposit after 6 months once the deposit is made which concerned us with long term tenants.
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24 September 2024 | 4 replies
This is very important as we have seen at least 5 BTR builders go sideways and leave hundreds of investors in trouble.
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23 September 2024 | 6 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.
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24 September 2024 | 49 replies
FRSHCRN..following that will help keep out of trouble.
23 September 2024 | 2 replies
I was just informed by one that the other got into some trouble and there is currently a military protective order against his roommate.
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24 September 2024 | 4 replies
There are good and bad syndicators, and right now there are more in trouble than not.
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24 September 2024 | 8 replies
Avoid Lawson, one of my clients got in trouble bc of their terrible quality issues.
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24 September 2024 | 15 replies
IMO you're asking for trouble and there isn't enough of a potential loss to warrant a response.
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23 September 2024 | 4 replies
I had no trouble getting it under control and I got a nice deal in the process.