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Hired PM 4 years ago and more than $100,000+ later
7 November 2024 | 6 replies
The PM brought to our attention and suggested improvments he felt were nessesary on updating each unit, after our complete renovations were done.
Kent Ford
How Important is Location for Success in the Texas Real Estate Market?
7 November 2024 | 9 replies
In real estate, a huge part of the value we can create as flippers is tied up in the location, but it is also tied up in the improvements we put on that land.
Marjorie Patton
RE Investor DTI ruining ability to get/use credit
7 November 2024 | 12 replies
If they increase your limits, your dti will improve.
Joey Samudio
1031 into a BRRRR
2 November 2024 | 6 replies
Its referred to as a 1031 improvement exchange.
Raif Harris
Airbnb Vermont Cabins
6 November 2024 | 22 replies
Appreciation for the most part is non-existent unless you force it w/ improvements.
Brody Veilleux
Cash flow is tax free??
7 November 2024 | 8 replies
Similar to the allowances in a pro forma, they are simply set asides and only become expenses when the property taxes/insurance are actually paid from them. 2) Capital Expenditures - They certainly feel like expenses, but certain improvements cannot be expensed outright but instead have to be capitalized and expensed/depreciated over time. 3) Depreciation - Finally some good news!
Jonathan Greene
Constructive Criticism Will Help You as a New Investor More Than Blind Faith
8 November 2024 | 53 replies
However, I think he could improve the way he expresses his opinions publicly on the forums regarding these agents.
Audrey Sommer
What are the best way to market a long-term rental?
6 November 2024 | 12 replies
We have a work instruction we have made for our business which has definitely helped my wife and I become more consistent in our approach which has also improved our results.
James Kiefer
New member starting out!
8 November 2024 | 21 replies
Hey James, the most important part of investing from a distance is building and improving reliable systems, generating deal flow, and building a rock solid team.Read this article on the "core 4".
Melanie Baldridge
Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."