Derek Bell
Expanding PEMB for increased NOI
1 November 2024 | 3 replies
Has anyone ever tried to increase the size of a PEMB?
Brody Veilleux
Investment Strategy Opinions
3 November 2024 | 2 replies
Rent out a unit and live for the remaining year, likely paying oop for a portion of debt service or operating expenses• Holding costs have been recouped, then save remaining funds, after my oop costs, for remainder of the year or until desired saving fund reached7.
Peyman Ayoubi
What's the best decision in my situation?
3 November 2024 | 11 replies
In the second drawing, I had removed some portion of that wall.
Gregory Martin
Section8 Application Process
6 November 2024 | 1 reply
HUD typically covers their portion of the rent directly to you each month.4.
Mitchell Coles
Value-Add Opportunity: Renovating an 8-Unit Apartment Building in Drexel, NC
7 November 2024 | 0 replies
Its size and layout make it ideal for long-term cash flow, and the demand for updated housing in Drexel ensures strong tenant interest once improvements are completed.
Jacob Campbell
1031 only option?
4 November 2024 | 4 replies
You can 1031 exchange a portion that makes sense for you (office right now is market specific and an opportunity if you know what you're doing), and take the other portion as "BOOT" and pay taxes on that portion.
Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
Renee Ren
Anyone invested in Fundrise?
11 November 2024 | 12 replies
Given the size of the transactions generally offered on crowdfunding sites, there aren’t enough secondary trades large enough to make the economics work systematically (besides the regulatory constraints) for Broker/Dealers to be incentivized to help LPs to redeem their positions via a sale/transfer to a new investor before the end of the investment period.
Loren Cota
Wholesaler on Big Island
5 November 2024 | 15 replies
Pretty much whatever makes sense.My plan is for it to be a midterm rental most the year and then be there for a portion of summer to be close to my daughter.
Joe Kvidera
DSCR that allows seller carry for partial down payment?
6 November 2024 | 12 replies
You can try MyInvestorLoan.com, they usually don’t care if a property has a seller carry portion of financing in 2nd position.