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17 October 2024 | 7 replies
The ambition is great to scale fast, but you can treat the smaller deals as practice as you learn to scale.
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12 October 2024 | 5 replies
Hello Everyone,I've had a few interesting conversations with investors and real estate agents this week, and it got me thinking more about the relationship between property managers and their clients.
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15 October 2024 | 1 reply
If anyone has had a positive experience with a handyman they would recommend, I would greatly appreciate your suggestions!
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16 October 2024 | 9 replies
Monopoly’s cool for learning the basics of investing, but Cashflow by Robert Kiyosaki is another fun game that goes deeper into it.Oh, and I play CS2 every day, and it’s great for getting better at strategy.
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16 October 2024 | 9 replies
Also, any tips or suggestions for owning rental property in Cleveland would be greatly appreciated too!
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11 October 2024 | 17 replies
You’ve made a great point about checking the borrower’s track record on completed projects.
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11 October 2024 | 10 replies
Anyone able to recommend a great supplier for about 1000 sq ft of a thick, waterproof LVP?
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13 October 2024 | 11 replies
I purchased SpeedQueen coin washer and dryer for my property in Jefferson Park and its been great so far.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.