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27 July 2023 | 21 replies
get into a multifamily property priced around 1.7mil* with an FHA loan ($60k-ish down, 3.5%, still have $ for reserves and closing costs). bonus points if you want to occupy a unit with extra bedrooms that you can rent out to traveling medical professionals. you could very well live for free doing that. just note that FHA loans do have maximum allowable amounts based on county and unit count, AND the property has to pass an 'fha self-sufficiency test' as well as the fha inspection. if you are NOT open to living in a multifamily, what's the highest mortgage that you could comfortably pay if the **** hit the fan?
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5 March 2023 | 16 replies
I used H&R block at home to file my taxes, and took advantage of the 10% bonus if the refund is received via gift card.
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14 August 2023 | 19 replies
(ps. local lenders are a bonus)
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17 August 2023 | 2 replies
Does this study and bonus depreciation have to be done in the year of purchase or can it be done years later?
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29 May 2023 | 8 replies
Bonus consideration, if I don't purchase beforehand, I will have to rent a house in this area for Thanksgiving to host my folks, so that will be money out of my pocket.There's probably more useful information I can provide, so let me know if you have questions.
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12 August 2023 | 24 replies
That aligned bonus structure is more common with investors who have their own staff managing their portfolio/business.
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5 July 2023 | 0 replies
Incentive Close: "As a gesture of goodwill, I am prepared to offer additional incentives or bonuses to sweeten the deal.
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17 August 2023 | 8 replies
Yes, there has been a change in the tax law regarding the bonus depreciation percentage.Previously, the bonus depreciation percentage was 100%, allowing businesses to deduct 100% of the cost of qualified assets placed in service that year.The reduction to 80% means that now businesses can only deduct 80% of the cost of qualified assets in the first year.This reduction in the bonus depreciation percentage will mean businesses will get a smaller tax deduction in the first year for new assets and it will be cut 20% each year thereafter until it hits zero.In summary, the reduction in bonus depreciation percentage to 80% means businesses will now get a smaller tax break on new asset costs compared to before, spreading deductions over more years.
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27 March 2023 | 5 replies
And as a bonus, I get a huge kick out of fixing and restoring things...
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24 August 2021 | 9 replies
My RE business partner and I have an LLC and are considering an investment as an LP in a syndicated MF deal that has a bonus depreciation opportunity.