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23 September 2024 | 3 replies
If you’d like, happy to message further.
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24 September 2024 | 2 replies
I'd like for the lender to be a legit partner, too.
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24 September 2024 | 2 replies
Perhaps the question was posed in a way that the answer had to be "no that won't work", had he posed it like the above, "Can I have SEPP payments setup while collecting rent that goes back into the SDIRA and can I continue to sell stocks and purchase additional rentals while taking SEPP?"
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23 September 2024 | 4 replies
It was like that money did not exist.
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25 September 2024 | 8 replies
Hopefully people will quit chasing what was a shiny object.Kinda like people buying a stock at its peak only hang onto it too long and lose more money.
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23 September 2024 | 6 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
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23 September 2024 | 81 replies
Unconscionable seems like the word.
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24 September 2024 | 2 replies
I came across FrontLobby to use as service to report but it seems like they charge $200 per house.
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23 September 2024 | 33 replies
But we don’t evict at day 10 like everyone else.
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24 September 2024 | 2 replies
Understand the West Texas market dynamics, such as transient workforces in towns like Midland, Odessa, or Lubbock, and research growth potential.