Stone Timber
Hard Money Loan - CHICAGO - URGENT
9 June 2021 | 17 replies
They are local, respond to any emails/questions right away and I even have the cell number of the VP of lending, hell he's even come out to the projects I'm working on.
Chris Gould
How I made $966,071 virtual wholesaling last year
18 April 2022 | 12 replies
I put my personal cell phone on all of the Google Ads so when someone called in, my phone rang.
Matthew Shay
Investment criteria for buying Apartment Buildings
18 April 2019 | 41 replies
A1 would be your cash outflow at acquisition, then the nine cells in B1 to J1 would be your first 9 years of cash flow.
Stacey Mollinet
How to stop getting calls about selling my properties?
16 July 2021 | 20 replies
Well for starters I stopped using my cell phone number on the closing paperwork many years ago.
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
5 September 2018 | 35 replies
I have actually been working on an Excel sheet that includes depreciation recapture and the effect on your profit on the property. i attached part of a screen shot, i am still working on it ( off and on) but what i have come to figure is that there is a time when it is best to sell the property, otherwise you do start losing money.( unless you keep it and have it passed to your heirs). the sample i have on there is a house bought for 110K / 90K loan, as you see the yellow highlight is on a cell that reaches a tipping point on when your income, taxes and depreciation recapture tax / closing costs, would start to "cost" money - you would not make as much upon sale of the property. and i broke it down to 27 years, didn't see a need to have that 1/2 yr in the model.I also have it to where if you add to the asset ( addition, etc) it will add to the basis and change the numbers, but like i said there are still things i want to work out more and add.this does not include cost segregation as @Jay Hinrichs,@Jeff Glass,@Eamonn McElroy,@Barry Ruby and @Yonah Weiss have mentioned this is just a straight depreciation on a residential property.
Brie Schmidt
HELOC payoff strategy
25 January 2019 | 329 replies
If I have cancer and go in for chemotherapy, it's basically poison that also kills healthy cells, but it's still better than cancer.