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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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18 October 2024 | 1 reply
So I wanted to create this post to help those looking to make their first investment!
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17 October 2024 | 1 reply
I have read that you can contact the nearest hospitals and offer services, so how is this done successfully out if state and what are other means for the example staffing agencies.
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10 October 2024 | 19 replies
I called my property manager and she hadn't set up any tenants, and was set to interview a bunch of people.
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17 October 2024 | 2 replies
If so, what did you update and did it add significant value?
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6 October 2024 | 15 replies
No telling what issues this could have caused if I didn’t know they moved out and there was no power to the home for a month.
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18 October 2024 | 15 replies
Paid everything off on it so no debt.
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16 October 2024 | 1 reply
-Should I purchase closer to home so I can be the Broker for my own transactions?
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9 October 2024 | 9 replies
The cool thing about the house hacking is the lenders will factor the rental income towards your purchasing power.
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3 October 2024 | 17 replies
No contact and no returned phone calls.