Carolina Solorzano
Anyone investing in STR in Niagara Falls?
14 January 2025 | 17 replies
On the American side, you pretty much just have the state park.
Jonathan Cubeta
Tenant screening
27 December 2024 | 12 replies
I use American Tenant Screening and will call them tomorrow.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
The official believed Minkow to be a potential investor at the time.In other videos for one of RAD’s side businesses, a network of leasable off-the-grid-encampments called the American Survivalist Project — “a plan B for when disaster strikes,” according to the venture’s website — Mendenhall’s banter can take a darker turn.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
Remember, the first deal is not meant to make you money, it’s meant to get you into the 6% club (only 6% of Americans own one or more rental properties) Get into the club and figure out which direction you want to scale.If I were to start all over again, knowing what I know now, and assuming I had some good cash to work with (I was broke as a joke when I started), I would have done small commercial all the way.
Melanie Baldridge
Bonus depreciation ?
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.
Lodewijk Hof
Australia
23 December 2024 | 15 replies
I'm of the idea though that now is a great time for Americans investing internationally (because of our inflated US dollar).I know I'll be giving $10K to FIRB.
Nanne Kooi
Flipping houses Portugal
19 December 2024 | 11 replies
I'm an American but I own 2 properties in Porto.
Ken Latchers
Booking.com. insane not to use.
9 January 2025 | 59 replies
Even then, all of my booking.com clients are American I offer a 25% discount 0-3 days out. add a 15% fee which essentially covers your commission. set up with one hour to cancel, flexible / strict option but no refund 60 days out or later. sync it with Airbnb and or the other ones you are doing.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
I agree that there’s a fine line between aggressive but legal vs. reckless and punishable.I saw this gem from Will Rogers: “The income tax has made more liars out of the American people than golf has.”