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25 November 2024 | 5 replies
@Adam Czachor I’m having this problem for the past two weeks now and I don’t know why.
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20 November 2024 | 15 replies
Hi Constancia - were you ever able to get more information on this lender?
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12 November 2024 | 4 replies
Quote from @German Sorensen: Feeling the Itch Again: Advice for Getting Back into Real Estate?
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25 November 2024 | 2 replies
Hey @Tanya Maslach what about those two zip codes interest you for this use case?
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17 November 2024 | 9 replies
In your case, the agent also wants to lock you into a future sale, but that doesn't incentivize her to place a good tenant.
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14 November 2024 | 7 replies
It doesn't look like she is doing anything to make these things happen.
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26 November 2024 | 1 reply
I hear on podcasts about getting a title company on your team… what benefit does this give you?
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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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25 November 2024 | 2 replies
There are lots of paid software programs that do this for you as well.