![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3111323/small_1725186681-avatar-sathyap5.jpg?twic=v1/output=image&v=2)
3 October 2024 | 12 replies
I am comfortable for a property upto 200K with 20% down.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2897237/small_1709823595-avatar-noahc142.jpg?twic=v1/output=image&v=2)
9 October 2024 | 1 reply
Hi I just closed on my first real estate investment property today!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2979692/small_1711168670-avatar-calvinr48.jpg?twic=v1/output=image&v=2)
9 October 2024 | 4 replies
I received a letter from the HOA about a violation of the rules - there is an oil spill in the property driveway.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1231422/small_1673005276-avatar-josephb328.jpg?twic=v1/output=image&v=2)
9 October 2024 | 11 replies
I have bought and partnered with on a handful of properties and have grown my property management services.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3026858/small_1727712220-avatar-jullionc.jpg?twic=v1/output=image&v=2)
2 October 2024 | 1 reply
Purchase price: $9,500 Sale price: $15,000 Tax defaulted property in Michigan
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2570306/small_1737851987-avatar-andrewg685.jpg?twic=v1/output=image&v=2)
2 October 2024 | 3 replies
I am in the process of buying a commercial building in Savannah, Ga and know there is a lot of discussion around “climate change premiums” in relation to insurance. What are you all seeing as the future of insurance i...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3119902/small_1726512403-avatar-recostseg.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2922755/small_1716481794-avatar-josephe218.jpg?twic=v1/output=image&v=2)
9 October 2024 | 7 replies
Hello All, I am hoping to have invested in my first property before the end of the year.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3088084/small_1722286237-avatar-matthewf522.jpg?twic=v1/output=image&v=2)
9 October 2024 | 5 replies
You run the risk of the IRS classifying the property as 'personal use' if you rent the property for a lot less than FMV.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1822205/small_1736900942-avatar-unalb.jpg?twic=v1/output=image&v=2)
9 October 2024 | 2 replies
Hello all, I am very close on closing on my first property.