Hanaa Abou Ouf
Olympia, WA investors, what do I need to know?
26 September 2024 | 8 replies
Came out ahead when selling that one and put 25% down on 2 others.
Melanie Baldridge
Bonus Depreciation one of the best parts of RE Tax Code
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.
Arnab Sinha
Should I invest in Mobile, AL
27 September 2024 | 6 replies
The project is anticipated to facilitate access to/from major industries and freight destinations in Mobile and provide hazardous material vehicles a direct route away from the downtown business district.- The overall market has increased by 8.4% this year with the median apartment rent at $950.
Dan N.
Setting up a land trust owned by a WY LLC - any recommendations (Besides NCH)?
26 September 2024 | 10 replies
You will come out ahead.
AJ Satcher
Operating Real Estate Business Under An Existing LLC for Another Business
24 September 2024 | 2 replies
For bigger deals, it’s always a good idea to set up a new entity, like a special purpose vehicle (SPV).
Jesse Gaynor
Better investment to buy a home to live in OR put my money in the market?
25 September 2024 | 7 replies
If you buy in this way and factor in rental income to offset you mortgage, you are often going to come out ahead - sometimes very far ahead.
Patrick Bavaro
Is “dumb data” holding property managers back? Startup validation
25 September 2024 | 3 replies
@Patrick Bavaro we pride ourselves on being ahead of the curve:)
Andrew Syrios
Evaluating Kamala Harris’s Proposals For the Real Estate Industry
2 October 2024 | 38 replies
I have 3 deals going in Loudoun county VA that national builders are buying our lots and when I was there going through existing developments its was full speed ahead Toll Brothers on one project probably had 40 up and running some i am sure are presold..
David Horton
Student Investor from Las Vegas, Nevada
25 September 2024 | 20 replies
I currently work in the Information Technology sector as a programmer analyst and am looking to start this exciting adventure toward financial independence using real estate as the vehicle.
Hunter Smith
New Comer Introduction
24 September 2024 | 12 replies
If you bought something today with 5% down, you will be way ahead of the game two years from now and that PMI cost won't matter.