
29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

29 August 2024 | 14 replies
@Bob Gruenig it might help if you could clarify what you're trying to accomplish with the LLC strategy.The most simple and common way to invest in a syndication is to put money as an individual.

30 August 2024 | 5 replies
I am interested in building my wealth and need a great agent with amazing resources that can help me get the ball rolling.

24 August 2024 | 26 replies
Quote from @David Colthart:Quote from @Nicholas L.

29 August 2024 | 6 replies
It's available on the BiggerPockets bookstore and helps explain how to fund the loan properly and legally.

29 August 2024 | 7 replies
Also I have a family member in Knoxville who has background in home repair and is willing to help where he can.

29 August 2024 | 6 replies
If anyone is interested or knows a person who is, it will help a lot!

30 August 2024 | 18 replies
We helped a buddy get started in investing and he hired a PM (to my dismay).

30 August 2024 | 8 replies
Thanks for the help!
29 August 2024 | 2 replies
I previously worked with a contractor to help with permits and drainage since there’s a possible wetland issue, but unfortunately things fell through between us and I didn’t make progress.