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18 June 2024 | 0 replies
For a little background, I have some experience overall...a couple of rentals, LP on a 24 unit currently, a bit of wholesaling, and a decent network of all typically pertinent players in the deal space, and I push my knowledge forward each day.
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18 June 2024 | 2 replies
Look to cash flowing areas like the midwest if you are not a fan of current return you are getting.
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18 June 2024 | 53 replies
Especially since I am currently sitting in one and very intrigued with this business model.
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18 June 2024 | 4 replies
I currently have a CPA (only handles taxes and offers standard tax deductions advice) and a wealth manager at Abacus (handles retirement investments and stocks- IRA, 401K, etc).
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18 June 2024 | 2 replies
I am currently working out of my home.
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18 June 2024 | 4 replies
I’m buying a piece of land that has had a house on it before (it burned down) and currently has an old mobile home, on the other side of the property, that I’ll have to removeFor those who’ve purchased land, what would you do before close?
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18 June 2024 | 6 replies
My current project is to remodel two buildings in a commercial shopping center in Wimberly, Texas.
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19 June 2024 | 14 replies
A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.
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18 June 2024 | 2 replies
Currently renting it out for a 2400$ profit yearly Lessons learned?
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18 June 2024 | 15 replies
Also factor in whatever tax benefits there may be in the new investment vs what you have now.As another poster suggested, are your tenants currently paying market rents?