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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.
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.
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15 November 2024 | 12 replies
We had Covid, high interest rates, inflation, bad politics...
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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.
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17 November 2024 | 1 reply
Upon the trust’s termination, the remaining assets go to a designated charity.7.
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18 November 2024 | 47 replies
Additionally, Jackson inflated hours spent on activities, for example, spending 2 hours shopping for Nespresso pods.
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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.
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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.
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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.
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15 November 2024 | 15 replies
ARVs that are inflated by 15-20%.