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9 January 2025 | 46 replies
Any action in your market regarding these rules/laws etc. ?
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4 January 2025 | 11 replies
This applies regardless of the type of deduction you choose to take for the vehicle.If section 179 doesn't work in your situation, there is bonus depreciation, which allows for a deduction of up to about $20k of the value of the vehicle for 2024.
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13 January 2025 | 16 replies
It's designed to protect assets in the event of lawsuits, negligence, etc. and it only applies when there is underlying insurance coverage.
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25 January 2025 | 24 replies
But with the recent change to depreciation rules on overseas properties, perhaps Japan is worth exploring again.Sorry I don't have much to add, but I've been following this conversation for the past couple of days and figured I'd say "Hello!"
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20 January 2025 | 9 replies
One can not emphasize enough how unfortunate the work product investors receive is due to huge inconsistencies and other very unprofessional basic typos and SEC rule violations that open up investors up to huge liabilities.
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22 January 2025 | 12 replies
From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.
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12 January 2025 | 20 replies
@Tayvion Payton here's some useful info:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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23 January 2025 | 16 replies
The ordinary income tax on income passing through LLC-B applies on the income AFTER retirement contribution, home office deduction etc, which will make the income nearly zero and hence leaving only the SE taxes and NO income tax.
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15 January 2025 | 3 replies
There are several basic rules for a 1031 for identifying properties, timelines, and uses.
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18 January 2025 | 18 replies
There are no problems being a landlord , just buy a property take the first renter that applies and rake in the cash .