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25 November 2024 | 12 replies
They give you a credit card and you can use Zelle with LLC.
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21 November 2024 | 1 reply
What made you interested in investing in this type of deal?
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20 November 2024 | 8 replies
How would you handle tenant screening?
15 November 2024 | 4 replies
Know what’s normal so you can spot what’s NOT.Talk to Brokers/Connections Weekly.
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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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25 November 2024 | 7 replies
How's the cashflow going so far?
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15 November 2024 | 9 replies
We'll see how 2025 starts Winter season.
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23 November 2024 | 4 replies
I just sent you a connection request to see if I can't be a good resource for you here in San Antonio.
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21 November 2024 | 5 replies
Hello, you can do some research with the city's planning department as far as their development standards for that zoning, i.e. set-backs, height, lot coverage, etc.
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25 November 2024 | 8 replies
I would anticipate roughly 20-40k depending on how deep you have to go.