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Results (10,000+)
Anna Thanopoulou First year depreciation in STR
19 November 2024 | 7 replies
As others have mentioned, you will be able to take bonus depreciation, for certain assets, which won't be pro-rated.When you get the cost segregation study, it will break down the home into several buckets39 year property, 15 year property, 7 year property, 5 year property and land.The remaining assets will be pro-rated when it is placed into service.For example, a building placed into service in January will have a higher depreciation expense than the same building placed into service in November.Best of luck.
Account Closed Tenants are escalating mold situation
19 November 2024 | 15 replies
X-rays of mold in lungs sounds serious ( but I’m not a doctor).Get the remaining mold fixed, and get a new PM.
Whitney Bivins Should I cut my losses and start over?
15 November 2024 | 12 replies
We had Covid, high interest rates, inflation, bad politics...  
Kevin Lorick My property manager deposits rent into his account before paying me, is this normal?
15 November 2024 | 13 replies
They collect the rent, deduct their fee and any other expenses they are allowed/required to pay on your behalf, then they distribute the remaining funds to you.It's critical that you review the property management agreement and understand what you agreed to.
Julio Gonzalez 11 ways to lower taxes when selling your property
17 November 2024 | 1 reply
Upon the trust’s termination, the remaining assets go to a designated charity.7. 
Ryan Leake Navigating STR Loophole Tax Strategy: Success Stories and Cautionary Tales
18 November 2024 | 47 replies
Additionally, Jackson inflated hours spent on activities, for example, spending 2 hours shopping for Nespresso pods.
Scott McGadden Looking for next moves for long term SF rentals in the Austin and San Antonio areas
18 November 2024 | 14 replies
Or you can save your cash and use only the 1031 proceeds remaining as down payments with new loans.Either way you'll still have the option after your 1031 starts.
Jared Khan Best Down Payment Source
13 November 2024 | 17 replies
The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.
Dave Hart Portfolio management question
14 November 2024 | 3 replies
Keep in mind though that your return on equity on your 400k equity goes from 1.5% right now (assuming 500/mo positive cash flow) to getting a -3% on the remaining 200k in equity, so that is also a factor.
Luis Maza Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
ARVs that are inflated by 15-20%.