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Results (10,000+)
Daniel Vroman Rusteen Help - Is the RE agent actually hurting me?
27 September 2024 | 14 replies
Re knowing the market, which is one of the reasons (I've read up on that) you'd want a RE agent, esp if not from the area, which I am not, my agent is from about 2 hours away and as the listing is an existing Airbnb for 3 years, I see the prior numbers, and based on that, reviews, and market data, have made an estimate of what I believe it will make under my ownership.
Melanie Baldridge Bonus Depreciation one of the best parts of RE Tax Code
23 September 2024 | 6 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
Alex K. Property Manager Question
25 September 2024 | 11 replies
We politely point out that we'd require ownership to do this and they always drop their request.This is even the case with Flat Fee PMCs.
Calvin Craig How to Structure the Deal?
21 September 2024 | 7 replies
Both contribute capital equally, and profits are split based on ownership.
Evan Kline Our 10x strategy, and why we (kind of) stopped investing.
22 September 2024 | 6 replies
I took the real estate broker exam and became a commercial real estate broker while also purchasing property for my own account.  3 years later I “accidentally” purchased 1/2 ownership of an automotive service business and eventually ended up with 8 locations.  
Tasha Smith Inheriting 2 leases for Duplex - Security deposit + Lease guidance
21 September 2024 | 3 replies
Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.
Evelyn Randolph How to cover roof repair before purchase
20 September 2024 | 7 replies
You’d still be using your funds, but by delaying ownership transfer, the expense would fall under your ownership period, making you eligible for depreciation.Discuss these options with your tax advisor to ensure everything is structured properly for IRS purposes.
Denis Churchill Amount to put down on Subject To take over on existing loan
20 September 2024 | 6 replies
Short answer is as little as possible.The long answer is it depends on the deal.Typically you end up in a subject 2 situation when the current owner has little or no equity in the property, the current advantage of subject 2 properties is that most mortgages are below current market rates.Keep in mind when acquiring a property subject 2, in most instances you are not notifying the current lender of the change in ownership, and most if not all mortgages have a due on sale clause, which is the lender's decision if they want to enforce it or not.I personally like the idea its a great way to get investment properties with low rate loans, that with most likely appreciate in the coming years.
Nick O. STR Cost Seg/Bonus Depreciation Buying with Partner & other non-RE related income ?'s
23 September 2024 | 14 replies
Here’s a breakdown of your questions:Bonus Depreciation with a Partner: Yes, you can split bonus depreciation through an LLC based on ownership percentage.W2 vs.
Jessica Petrone Co-signing loan for less % down vs Owning and renting to child
20 September 2024 | 2 replies
I would buy an investment property with more money down for you, let them live there and manage it, and add their "rent" to an ownership stake over time.