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26 November 2024 | 1 reply
@Marie Thomas - I do not but I have significant interest in learning more.
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26 November 2024 | 6 replies
Often, I have cash sitting around between opportunities and have looked all over for a bank that will hold the cash in some kind of interest-bearing account.
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26 November 2024 | 2 replies
By structuring deals with regular refinancing, you can unlock the equity in your properties and access capital for future investments.
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7 November 2024 | 16 replies
Is there a clause in the contract that ties you to him after the 7 days?
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8 November 2024 | 18 replies
I also need to get in contact with some investors interested in the Jacksonville, NC area.
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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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26 November 2024 | 1 reply
Extremely difficult to pass and I bet you didn't know that you had to get it reinspected again in three years.
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7 November 2024 | 9 replies
Anyone in the GTA investing in Brampton?
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26 November 2024 | 1 reply
In my home, I personally converted an unfinished basement.
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26 November 2024 | 1 reply
I hate to say, but most people here will not truly understand what AI is, and thats ok, but I too am learning and wanting to get more help on using AI for its full potential in real estate.