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19 November 2024 | 19 replies
it is hard to get on the radar of insurance companies.
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8 November 2024 | 5 replies
Is it worth keeping the house and increasing the rent to $1750 or should I sell in the market that we are in?
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20 November 2024 | 5 replies
Anyone else finding it hard to sell????
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20 November 2024 | 4 replies
You can own more than one property with a VA loan, it depends on what your total allotment is.
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18 November 2024 | 10 replies
Vine City has high crime rate, so it's a no.
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26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
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27 November 2024 | 2 replies
This place has been a wealth of knowledge to many, and I hope it is to you as well.
27 November 2024 | 4 replies
I am trying to get a quote from Mercury for our sister home not rental but Mercury seems to deny it because the home is old built in 1969 in Elk Grove, CA.
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27 November 2024 | 3 replies
Look for one that includes a training video to ensure you understand how to best use it.